Guideline Value for N.G.O. Colony IInd street

N.G.O. Colony IInd street guideline value

The current guideline value of N.G.O. Colony IInd street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of N.G.O. Colony IInd street has changed

The guideline value for N.G.O. Colony IInd street has remained consistent at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, placing N.G.O. Colony IInd street above this median.

• N.G.O. Colony IIIrd Street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O Colony IV th street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• N.G.O. colony: Rs 1,200 per sq.ft (2024)
• New Ramanujar Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in N.G.O. Colony IInd street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Please note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.G.O. Colony IInd street?

The N.G.O. Colony IInd street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sriperumbudur A

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Sriperumbudur A, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. This value serves as a benchmark for property transactions, helping to standardize the process across the region.

Frequently asked questions

What is the current guideline value of N.G.O. Colony IInd street?

The current guideline value of N.G.O. Colony IInd street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 1,200 per sq.ft for the 2023 and 2024 revisions. It was Rs 804 per sq.ft in the 2017 revision, indicating a 49% increase from 2017 to 2023.

What is the land classification for N.G.O. Colony IInd street?

The land classification for N.G.O. Colony IInd street is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets with the same guideline value?

Other streets in Sriperumbudur A with the same guideline value of Rs 1,200 per sq.ft include N.G.O. Colony IIIrd Street, N.G.O. Colony Ist street, N.G.O. Colony IV th street, N.G.O. Colony Main Salai, and N.G.O. colony.

Where can I find the relevant Sub Registrar Office?

The relevant Sub Registrar Office for N.G.O. Colony IInd street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.