Guideline Value for T N G O Colony 4th Street

T N G O Colony 4th Street guideline value

The current guideline value of T N G O Colony 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification is Residential Class I Type - III.

How the guideline value of T N G O Colony 4th Street has changed

The guideline value for T N G O Colony 4th Street has seen several revisions over the years. In 2002, the value was Rs 257 per sq.ft. This increased to Rs 293 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase to Rs 900 per sq.ft in 2007, which was a 207% change. Following this, the value jumped dramatically to Rs 3,500 per sq.ft in 2012, reflecting a 289% increase. However, it then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in 2024, an 11% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,418%.

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 4th Street.

• T N G O Colony 3rd 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 2nd Cross 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)
• T N G O Colony 1st Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in T N G O Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be 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, making the total Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T N G O Colony 4th Street?

The Sub Registrar Office that covers T N G O Colony 4th 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of T N G O Colony 4th Street?

The current guideline value of T N G O Colony 4th 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 from Rs 257 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, with several revisions in between. The most significant increase occurred from 2007 to 2012, where the value rose by 289%.

What is the stamp duty and registration fee for properties in T N G O Colony 4th Street?

The stamp duty for properties in T N G O Colony 4th Street is 7%, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 3,51,000.

Which Sub Registrar Office is responsible for T N G O Colony 4th Street?

The Alandur Sub Registrar Office is responsible for T N G O Colony 4th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions. It is also used for calculating the stamp duty and registration fees during the sale or purchase of properties.