Guideline Value for N.G.O. colony

N.G.O. colony guideline value

The current guideline value of N.G.O. colony, located in Gooduvancheri village under the Gooduvancheri SRO, is Rs 2,001 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

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

The guideline value for N.G.O. colony has seen several revisions over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, and currently stands at Rs 2,001 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 is minimal, with a 0% increase. Overall, the guideline value has risen by 49% from 2017 to 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for N.G.O. colony is above this median.

• Nethaji Street: Rs 1,500 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Nehru Street: Rs 1,500 per sq.ft (2024)
• Naveen Satish Nagar: Rs 1,500 per sq.ft (2024)
• Natarajapuram: Rs 1,200 per sq.ft (2024)
• Nataraja Nayakar Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in N.G.O. colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, making the total cost Rs 1,80,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The N.G.O. colony is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The duty is applied to the higher of the two, ensuring that the registration process is fair and transparent.

Frequently asked questions

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

The current guideline value of N.G.O. colony is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, marking a 49% increase overall.

What are the other streets in Gooduvancheri and their guideline values?

Other streets in Gooduvancheri include Nethaji Street at Rs 1,500 per sq.ft, Om Sakthi Nagar at Rs 1,200 per sq.ft, and several others, with values ranging from Rs 1,200 to Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for properties in N.G.O. colony?

For a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070 and the registration fee would be Rs 40,020, totaling Rs 1,80,090.

Which office do I need to visit for registration in N.G.O. colony?

The Gooduvancheri Sub Registrar Office is responsible for registrations in N.G.O. colony. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.