Guideline Value

Corporate

Guideline Value for N.N.G.O. Colony 2nd Main Road

₹4400/sq.ft.

The guideline value for N.n.g.o. Colony 2nd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on N.n.g.o. Colony 2nd Main Road

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N.N.G.O. Colony 2nd Main Road guideline value

The current guideline value of N.N.G.O. Colony 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of N.N.G.O. Colony 2nd Main Road has changed

The guideline value for N.N.G.O. Colony 2nd Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017. This marked a significant rise of 79%. The value further increased to Rs 4,000 per sq.ft in 2023, reflecting a 49% change from the previous revision.

In the latest revision for 2024, the guideline value is now Rs 4,400 per sq.ft, representing a 10% increase from 2023. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. There are no figures available for the years 2002, 2003, and 2012 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value range from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of N.N.G.O. Colony 2nd Main Road. Below are the guideline values for other streets in Velachery:

Stamp duty and registration fee for property in N.N.G.O. Colony 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.N.G.O. Colony 2nd Main Road?

The N.N.G.O. Colony 2nd Main Road is covered by the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property registration in Velachery. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value ensures that the transaction is documented accurately and fairly in accordance with government regulations.

When buyers and sellers engage in a property transaction, the guideline value is used to calculate the applicable fees. This means that the higher of the guideline value or the sale price will be considered for the calculation of stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of N.N.G.O. Colony 2nd Main Road?

The current guideline value of N.N.G.O. Colony 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 193% over the years.

What is the registration office for N.N.G.O. Colony 2nd Main Road?

The registration office covering N.N.G.O. Colony 2nd Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in N.N.G.O. Colony 2nd Main Road?

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 44,00,000, the stamp duty would be calculated accordingly.

What are the other guideline values in Velachery?

Other streets in Velachery have varying guideline values, with N.N.G.O. Colony 2nd Main Road currently at Rs 4,400 per sq.ft, while other streets such as N.N.G.O. Colony 2nd Layout and N.N.G.O. Colony 2nd Cross Street are at Rs 3,850 per sq.ft.