Guideline Value for T N G O Colony 1st Street

T N G O Colony 1st Street guideline value

The current guideline value of T N G O Colony 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of T N G O Colony 1st Street has changed

The guideline value for T N G O Colony 1st Street has seen several revisions over the years. In 2002, the value was Rs 347 per sq.ft, which increased to Rs 396 per sq.ft in 2003. Following this, the value rose significantly to Rs 900 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. The value dropped to Rs 2,345 per sq.ft in 2017, before increasing again to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024.

The changes between these revisions reflect a variety of increases and decreases. From 2002 to 2003, the increase was +14%. The value then surged by +127% from 2003 to 2007. After a significant jump of +289% from 2007 to 2012, the value decreased by -33% from 2012 to 2017. There was a +49% increase from 2017 to 2023, followed by an +11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1024%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of T N G O Colony 1st Street.

• T N G O Colony 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• T N G O Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• T N G O Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• T N G O Colony 4th Street: Rs 3,900 per sq.ft (2024)
• T N G O Colony Extension: Rs 3,900 per sq.ft (2024)
• T N G O Colony First Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in T N G O Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. Please note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers T N G O Colony 1st Street?

The Sub Registrar Office that covers T N G O Colony 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is an important figure used during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is consistent and transparent.

Frequently asked questions

What is the current guideline value of T N G O Colony 1st Street?

The current guideline value of T N G O Colony 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 347 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting various increases and decreases throughout the years.

What is the land classification for T N G O Colony 1st Street?

T N G O Colony 1st Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in T N G O Colony 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty at 7% is Rs 2,73,000, and the registration fee at 2% is Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office is responsible for T N G O Colony 1st Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, is responsible for T N G O Colony 1st Street.