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

N.G.O. Colony Ist street guideline value

The current guideline value of N.G.O. Colony Ist street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village and falls 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 Ist street has changed

The guideline value for N.G.O. Colony Ist street has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Looking back to the 2017 revision, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% to the current value.

There are no figures available for the revisions in the years 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 a total of 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 for these streets is Rs 700 per sq.ft, placing N.G.O. Colony Ist street above this median.

• N.G.O. Colony IInd 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 IIIrd 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 Ist street

For a 1,000 sq.ft plot at the current rate, 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers N.G.O. Colony Ist street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of N.G.O. Colony Ist 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 at Rs 1,200 per sq.ft from 2023 to 2024, and increased by 49% from Rs 804 per sq.ft in 2017 to the current value.

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

N.G.O. Colony Ist street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Which office handles registrations for N.G.O. Colony Ist street?

The Sriperumpudur Sub Registrar Office handles registrations for N.G.O. Colony Ist street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in N.G.O. Colony Ist street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total stamp duty and registration fee of Rs 1,08,000 based on the current guideline value.