Guideline Value

Corporate

Guideline Value for N.N.G.O. Colony 6th Street

₹3850/sq.ft.

The guideline value for N.n.g.o. Colony 6th Street 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 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
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 6th Street

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N.N.G.O. Colony 6th Street guideline value

The current guideline value of N.N.G.O. Colony 6th Street is Rs 3,850 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 - III.

How the guideline value of N.N.G.O. Colony 6th Street has changed

The guideline value for N.N.G.O. Colony 6th Street has seen several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 3,500 per sq.ft. The most recent revision in 2024 shows an increase to Rs 3,850 per sq.ft, marking a 10% rise from the 2012 figure.

There are no figures available for the revisions in the years 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only revisions with recorded figures are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO with 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, indicating that N.N.G.O. Colony 6th Street's value is below this median.

Stamp duty and registration fee for property in N.N.G.O. Colony 6th Street

For a 1,000 sq.ft plot at the current rate, 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 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 accurate calculations based on your property details.

Which Sub Registrar Office covers N.N.G.O. Colony 6th Street?

The Sub Registrar Office covering N.N.G.O. Colony 6th Street is 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees applicable on the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value is referenced to assess the transaction value, and the applicable fees are calculated based on this value. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for N.N.G.O. Colony 6th Street?

The current guideline value for N.N.G.O. Colony 6th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, reflecting a 10% rise. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the registration fee for property in N.N.G.O. Colony 6th Street?

The registration fee for property in N.N.G.O. Colony 6th Street is calculated based on the guideline value. For a property valued at Rs 38,50,000, the registration fee at 2% would be Rs 77,000.

Where can I find the Sub Registrar Office for N.N.G.O. Colony 6th Street?

The Sub Registrar Office for N.N.G.O. Colony 6th Street 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 Velachery?

Stamp duty in Velachery is calculated at a rate of 7% on the higher of the guideline value or the sale price of the property. This ensures that the duty reflects the true value of the transaction.