Guideline Value for N.N.G.O. Colony 3rd Main Road, Brindavan Nagar

N.N.G.O. Colony 3rd Main Road, Brindavan Nagar guideline value

The current guideline value of N.N.G.O. Colony 3rd Main Road, Brindavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of N.N.G.O. Colony 3rd Main Road, Brindavan Nagar has changed

The guideline value for N.N.G.O. Colony 3rd Main Road saw its first recorded revision in 2017, where it was set at Rs 2,680 per sq.ft. Following this, the 2024 revision established the current guideline value at Rs 4,400 per sq.ft, marking an increase of 64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The absence of data for these years indicates that the guideline value was not revised during those periods.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which aligns with the current value of N.N.G.O. Colony 3rd Main Road.

• N.N.G.O. Colony 3rd Street: Rs 3,850 per sq.ft (2024)
• N.N.G.O. Colony 3rd Layout: Rs 3,850 per sq.ft (2024)
• N.N.G.O. Colony 4th Cross Street: Rs 3,850 per sq.ft (2024)
• N.N.G.O. Colony 3rd Cross Street: Rs 3,850 per sq.ft (2024)
• N.N.G.O. Colony 4th Layout: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in N.N.G.O. Colony 3rd Main Road, Brindavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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.

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

Which Sub Registrar Office covers N.N.G.O. Colony 3rd Main Road, Brindavan Nagar?

The N.N.G.O. Colony 3rd Main Road, Brindavan Nagar 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 more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of N.N.G.O. Colony 3rd Main Road?

The current guideline value of N.N.G.O. Colony 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024.

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 Main Road.

What is the stamp duty rate for properties in N.N.G.O. Colony?

The stamp duty rate for properties in N.N.G.O. Colony is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.