Guideline Value for N.G.O.NAGAR

N.G.O.Nagar guideline value

The current guideline value of N.G.O.Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Palur-A village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

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

The guideline value for N.G.O.Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Palur-A

In Palur-A, there are a total of 44 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing N.G.O.Nagar's 2024 figure above that median.

• Olive Avenue: Rs 400 per sq.ft (2024)
• Om Sai Nagar: Rs 400 per sq.ft (2024)
• Om Sai Nagar Phase- II: Rs 400 per sq.ft (2024)
• M.S.R.Nagar: Rs 400 per sq.ft (2024)
• Rail Garden: Rs 600 per sq.ft (2024)
• Rail Nagar: Rs 600 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers N.G.O.Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What are the guideline values for other streets in Palur-A?

Other streets in Palur-A have varying guideline values, with rates ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

What are the stamp duty and registration fees for property in N.G.O.Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

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

The Chengleput Joint II Sub Registrar Office covers N.G.O.Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.