Guideline Value for NGO NAGAR PHASE I

Ngo Nagar Phase I guideline value

The current guideline value of Ngo Nagar Phase I is Rs 1,430 per sq.ft. This property is located in Nedunkumdram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Ngo Nagar Phase I has changed

The guideline value for Ngo Nagar Phase I has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft. This figure increased significantly to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,430 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village comprises 75 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ngo Nagar Phase I's current guideline value below that median.

• Ngo Nagar Phase I Annex: Rs 1,430 per sq.ft (2024)
• Ngo Nagar Phase II,III,IV: Rs 1,320 per sq.ft (2024)
• Ngo Nagar: Rs 1,430 per sq.ft (2024)
• New Town: Rs 1,440 per sq.ft (2024)
• Parijatham Nagar: Rs 1,660 per sq.ft (2024)
• Park Land: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Ngo Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total fees together to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ngo Nagar Phase I?

The Sub Registrar Office covering Ngo Nagar Phase I is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Nedunkumdram. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during registration.

Frequently asked questions

What is the current guideline value of Ngo Nagar Phase I?

The current guideline value of Ngo Nagar Phase I is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the median guideline value in Nedunkumdram?

The median guideline value in Nedunkumdram is Rs 2,200 per sq.ft, with Ngo Nagar Phase I's current value being below this median.

What are the stamp duty and registration fees for a property in Ngo Nagar Phase I?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,28,700, which includes a stamp duty of Rs 1,00,100 and a registration fee of Rs 28,600.

Where is the Sub Registrar Office for Ngo Nagar Phase I located?

The Tambaram Joint 1 Sub Registrar Office, which covers Ngo Nagar Phase I, is located at No.26, Mes Road, East Tambaram, Chennai-600059.