Guideline Value for T N G O Colony First Cross Street

T N G O Colony First Cross Street guideline value

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

How the guideline value of T N G O Colony First Cross Street has changed

The guideline value for T N G O Colony First Cross Street has seen several revisions over the years. In 2002, the value was Rs 322 per sq.ft, which increased to Rs 367 per sq.ft in 2003. Following this, the value rose significantly to Rs 900 per sq.ft in 2007, and further increased to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft from the 2024 revision.

Between the revisions, notable changes include a 14% increase from 2002 to 2003, a substantial 145% increase from 2003 to 2007, and a remarkable 289% rise from 2007 to 2012. The value decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and an 11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,111%.

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 current guideline value of T N G O Colony First Cross Street.

• T N G O Colony Extension: 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 2nd 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 First Cross 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 charges to 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.

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

Which Sub Registrar Office covers T N G O Colony First Cross Street?

The T N G O Colony First Cross Street falls under 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 a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is referenced to ensure that the correct fees are calculated based on the established rates. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of T N G O Colony First Cross Street?

The current guideline value of T N G O Colony First Cross 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 significantly from Rs 322 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1,111% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles property registrations in T N G O Colony First Cross Street?

The Alandur Sub Registrar Office handles property registrations for T N G O Colony First Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for T N G O Colony First Cross Street?

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