Guideline Value for T N G O Colony 6th Street

T N G O Colony 6th Street guideline value

The current guideline value for T N G O Colony 6th 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 6th Street has changed

The guideline value for T N G O Colony 6th Street has seen several revisions over the years. In 2002, the value was Rs 328 per sq.ft, which increased to Rs 373 per sq.ft in 2003, marking a 14% rise. The value then experienced a significant increase to Rs 1,200 per sq.ft in 2007, representing a 222% change. Following this, the value rose to Rs 3,500 per sq.ft in 2012, reflecting a 192% increase. However, there was a decrease to Rs 2,345 per sq.ft in 2017, which was a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 3,500 per sq.ft, showing a 49% rise. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an 11% increase from the previous year. There are no figures available for the revisions from years not listed in the register.

Guideline values in Nanganallur

Nanganallur 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 in this area is Rs 3,900 per sq.ft, which aligns with the 2024 figure for T N G O Colony 6th Street.

• T N G O COLONY 7th Street: Rs 3,900 per sq.ft (2024)
• T N G O Colony 5th 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 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 1st Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in T N G O Colony 6th 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 fees together 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 detailed calculations.

Which Sub Registrar Office covers T N G O Colony 6th Street?

The Sub Registrar Office that covers T N G O Colony 6th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Nanganallur. It determines the minimum value at which properties must be registered, ensuring that the transaction is documented accurately according to government standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for T N G O Colony 6th Street?

The current guideline value for T N G O Colony 6th 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 6th Street?

T N G O Colony 6th Street is classified as Residential Class I Type - II, which indicates its use for residential purposes.

Where can I find the Sub Registrar Office for T N G O Colony 6th Street?

The Sub Registrar Office for T N G O Colony 6th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Nanganallur?

Stamp duty for properties in Nanganallur is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7% of the guideline value.