Guideline Value for N.G.O. NAGAR ANNEXURE -III

N.G.O. Nagar Annexure -III guideline value

The current guideline value for N.G.O. Nagar Annexure -III in Walajabad village, under the Walajabad SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of N.G.O. Nagar Annexure -III has changed

Over the years, the guideline value of N.G.O. Nagar Annexure -III has seen several revisions. The earliest recorded figure is Rs 750 per sq.ft in 2012, which was later revised to Rs 502 per sq.ft in 2017. Following this, the value returned to Rs 750 per sq.ft in both 2023 and 2024, indicating a 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 750 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. As such, the changes in the guideline value are only reflected in the years where figures are available.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for N.G.O. Nagar Annexure -III aligns with this median.

• N.G.O. Nagar: Rs 750 per sq.ft (2024)
• Neru Nager Subramani Nadar Street: Rs 750 per sq.ft (2024)
• Neru Nager Savarimuthu Street: Rs 750 per sq.ft (2024)
• Neru Nager Madha Koil Street: Rs 750 per sq.ft (2024)
• Neru Nager Kusnikara Street: Rs 750 per sq.ft (2024)
• Neru Nager Kilalkarta Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in N.G.O. Nagar Annexure -III

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.G.O. Nagar Annexure -III?

The N.G.O. Nagar Annexure -III falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in Walajabad. It is the value set by the government for various properties and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value for N.G.O. Nagar Annexure -III?

The current guideline value for N.G.O. Nagar Annexure -III is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in both 2023 and 2024. There were no recorded figures for the years 2002, 2003, and 2007.

What is the land classification for N.G.O. Nagar Annexure -III?

N.G.O. Nagar Annexure -III is classified as Residential Class IV Type - I. This classification determines the usage and regulations for properties in this area.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in N.G.O. Nagar Annexure -III?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.