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 Nanganallur village, under the Alandur SRO, and is classified as Residential Class I Type - II.

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 undergone several revisions over the years. In 2002, the guideline value was Rs 328 per sq.ft, which increased to Rs 373 per sq.ft in 2003. The value saw a significant rise to Rs 1,200 per sq.ft in 2007, followed by a drop to Rs 3,500 per sq.ft in 2012. In 2017, it was revised to Rs 2,345 per sq.ft, and then increased to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2024, the overall increase was +1089%. The guideline value rose by +14% from 2002 to 2003, followed by a +222% increase from 2003 to 2007. The value then increased by +192% from 2007 to 2012, but saw a decrease of -33% from 2012 to 2017. The value increased by +49% from 2017 to 2023, and finally, there was an increase of +11% from 2023 to 2024.

Guideline values in Nanganallur

Nanganallur village has a total of 155 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the 2024 figure for T N G O Colony 4th Street.

• T N G O Colony 5th 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 6th 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 7th 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 amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

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 Nanganallur

The guideline value is a crucial factor when registering property in Nanganallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for the transaction. This ensures that all parties involved are aware of the financial obligations associated with the sale or purchase of the property.

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 328 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +1089% over the years.

What is the land classification for T N G O Colony 4th Street?

T N G O Colony 4th Street is classified as Residential Class I Type - II.

What are the other streets in Nanganallur with the same guideline value?

Other streets in Nanganallur with the same guideline value of Rs 3,900 per sq.ft include T N G O Colony 1st, 2nd, 3rd, 5th, 6th, and 7th Streets.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.