Guideline Value for NGO Nagar

NGO Nagar guideline value

The current guideline value of NGO Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of NGO Nagar has changed

Over the years, the guideline value of NGO Nagar has seen several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The current 2024 revision marks a further increase to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and from 2023 to 2024, the guideline value rose by 10%. Overall, the increase from 2017 to 2024 is 64%.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of NGO Nagar.

• N S N Nagar: Rs 1,100 per sq.ft (2024)
• Muvendar Nagar: Rs 1,100 per sq.ft (2024)
• Muthusamy Nagar: Rs 1,100 per sq.ft (2024)
• Pallavan Nagar: Rs 1,100 per sq.ft (2024)
• Moogambigai Nagar: Rs 1,100 per sq.ft (2024)
• M.K.N. Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in NGO Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please 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 details.

Which Sub Registrar Office covers NGO Nagar?

The Sub Registrar Office that covers NGO Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in the registration process when buying or selling property in Sevilimadu - A. It is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is registered, the guideline value is considered to ensure that the transaction is documented at an appropriate value. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of NGO Nagar?

The current guideline value of NGO Nagar 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 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 64% over the seven years.

What is the land classification of NGO Nagar?

NGO Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for NGO Nagar?

The Sub Registrar Office for NGO Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in NGO Nagar?

Stamp duty for properties in NGO Nagar 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 rate, the total costs can be calculated accordingly.