Guideline Value for N.G.O. NAGAR

N.G.O. Nagar guideline value

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

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

The guideline value for N.G.O. Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 502 per sq.ft. In the 2023 revision, the value returned to Rs 750 per sq.ft, and it has stayed the same through the 2024 revision, showing a 0% change from 2023 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 750 per sq.ft.

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 aligns with this median.

• N.G.O. Nagar Annexure -III: 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

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, and the registration fee at 2% would be Rs 15,000, bringing the total fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.G.O. Nagar?

The N.G.O. Nagar area is covered by 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 crucial role during the registration process of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and fairly. This helps in maintaining transparency in property dealings and ensures that all parties are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of N.G.O. Nagar?

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

How has the guideline value changed over the years?

The guideline value has gone through several revisions, with the most recent being Rs 750 per sq.ft in 2024, unchanged from 2023. The value saw a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017.

What is the registration office for N.G.O. Nagar?

The Walajabad Sub Registrar Office covers N.G.O. Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 750 per sq.ft, the stamp duty would be Rs 52,500.

What are the other streets in Walajabad with similar guideline values?

Other streets in Walajabad with a guideline value of Rs 750 per sq.ft include N.G.O. Nagar Annexure -III, Neru Nager Subramani Nadar Street, Neru Nager Savarimuthu Street, Neru Nager Madha Koil Street, and Neru Nager Kusnikara Street.