Guideline Value

Corporate

Guideline Value for N.N.G.O. Colony 3rd Layout

₹3850/sq.ft.

The guideline value for N.n.g.o. Colony 3rd Layout in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 3rd Layout

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N.N.G.O. Colony 3rd Layout guideline value

The current guideline value for N.N.G.O. Colony 3rd Layout is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of N.N.G.O. Colony 3rd Layout has changed

The guideline value for N.N.G.O. Colony 3rd Layout has undergone several revisions. The earliest revision recorded is from 2017, where the guideline value was Rs 2,345 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,850 per sq.ft, marking a significant increase of 64% from the 2017 figure. Notably, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2024 revision reflects a considerable increase compared to the previous figure from 2017. This change illustrates the adjustment in the guideline value over time, with the current rate being Rs 3,850 per sq.ft.

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 for these streets is Rs 4,400 per sq.ft, placing N.N.G.O. Colony 3rd Layout's current figure below this median.

Stamp duty and registration fee for property in N.N.G.O. Colony 3rd Layout

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.N.G.O. Colony 3rd Layout?

The N.N.G.O. Colony 3rd Layout falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For further details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. The fees are calculated based on this value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for N.N.G.O. Colony 3rd Layout?

The current guideline value for N.N.G.O. Colony 3rd Layout is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, which is a change of 64%.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for N.N.G.O. Colony 3rd Layout.

What is the registration office for N.N.G.O. Colony 3rd Layout?

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

How is the stamp duty calculated for properties in this area?

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 the current guideline value, the total stamp duty would be Rs 2,69,500.