Guideline Value for N.G.O. Colony Main Salai

N.G.O. Colony Main Salai guideline value

The current guideline value of N.G.O. Colony Main Salai 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 Main Salai has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure remained unchanged at Rs 1,200 per sq.ft in the subsequent 2023 revision and continued at the same rate in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. However, between the 2023 and 2024 revisions, the guideline value remained stable with a change of +0%. Overall, from 2017 to 2024, 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, with a median value of Rs 700 per sq.ft. The guideline value for N.G.O. Colony Main Salai is above this median.

• N.G.O Colony IV th 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 IInd 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: 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 Main Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.G.O. Colony Main Salai?

The Sub Registrar Office that covers N.G.O. Colony Main Salai 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 in the registration process for property transactions in Sriperumbudur A. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of N.G.O. Colony Main Salai?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 804 per sq.ft to Rs 1,200 per sq.ft.

What are the other streets with the same guideline value in Sriperumbudur A?

Other streets in Sriperumbudur A, such as N.G.O. Colony IV th street, Ist street, IInd street, IIIrd street, and N.G.O. colony, all have the same guideline value of Rs 1,200 per sq.ft for 2024.

What is the registration fee for properties in N.G.O. Colony Main Salai?

The registration fee for properties in N.G.O. Colony Main Salai is 2% of the guideline value, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for N.G.O. Colony Main Salai?

The Sub Registrar Office that covers N.G.O. Colony Main Salai is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.