Guideline Value for N.G.O. colony

N.G.O. colony guideline value

The current guideline value of N.G.O. colony is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

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

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,200 per sq.ft. The 2024 revision has also maintained the guideline value at Rs 1,200 per sq.ft, resulting in a 49% increase from the 2017 figure to the current value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has not changed from 2023 to 2024, reflecting a stable valuation over the last two revisions.

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 of N.G.O. colony at Rs 1,200 per sq.ft is above this median.

• N.G.O. Colony IIIrd 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 Ist 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 Main Salai: 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

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, 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, 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.

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 falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your nearest office, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It is used to calculate the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. This value serves as a benchmark for both buyers and sellers, providing a standardized measure for property transactions.

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 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%, from Rs 804 per sq.ft to Rs 1,200 per sq.ft.

What is the land classification of N.G.O. colony?

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

Where can I find the Sub Registrar Office for N.G.O. colony?

The Sub Registrar Office for N.G.O. colony is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 12,00,000 would incur a stamp duty of Rs 84,000 at a rate of 7%.