Guideline Value

Corporate

Guideline Value for NEW. N.G.G.O. COLONY

₹1100/sq.ft.

The guideline value for New. N.g.g.o. Colony in Periyakuppam village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periyakuppam

Village

Tiruvallur Joint 1

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 New. N.g.g.o. Colony

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New. N.G.G.O. Colony guideline value

The current guideline value of New. N.G.G.O. Colony is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, and it is classified as Residential Class I Type - III.

How the guideline value of New. N.G.G.O. Colony has changed

The guideline value for New. N.G.G.O. Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with the median being Rs 1,100 per sq.ft. New. N.G.G.O. Colony's 2024 figure is equal to this median.

Stamp duty and registration fee for property in New. N.G.G.O. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New. N.G.G.O. Colony?

The New. N.G.G.O. Colony is covered by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Periyakuppam, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the buying or selling process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. It is essential to note that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration process reflects the true value of the property.

Frequently asked questions

What is the current guideline value of New. N.G.G.O. Colony?

The current guideline value of New. N.G.G.O. Colony is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the registration office for New. N.G.G.O. Colony?

The registration office for New. N.G.G.O. Colony is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in New. N.G.G.O. Colony?

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 Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000.

What are the other streets in Periyakuppam with their guideline values?

Other streets in Periyakuppam include Om Ganesh Nagar and Padmini Nagar at Rs 879 per sq.ft, Pakthavachalam Street at Rs 1,650 per sq.ft, and Pallavan Street and Namakal Ramalingam Street at Rs 1,100 per sq.ft.