Guideline Value for Nanga Nallur Co-operative Housing Society Colony 10th Street

Nanga Nallur Co-operative Housing Society Colony 10th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 10th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 10th Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 447 per sq.ft. This increased to Rs 510 per sq.ft in 2003, marking a change of +14%. The value saw a significant rise to Rs 1,800 per sq.ft in 2007, which was a +253% increase. Following this, the 2012 revision brought the value down to Rs 3,500 per sq.ft, reflecting a decrease of -33%. In 2017, the value increased again to Rs 2,345 per sq.ft, a +49% change. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent 2024 revision has established it at Rs 3,900 per sq.ft, an increase of +11%.

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 +772%.

Guideline values in Nanganallur

Nanganallur village has 155 streets under the Alandur SRO with 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 Nanga Nallur Co-operative Housing Society Colony 10th Street.

• Nanga Nallur Co-operative Housing Society Colony 11th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 12th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 13th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 14th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 15th Street: Rs 4,400 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 16th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 10th 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 10th Street?

The Nanga Nallur Co-operative Housing Society Colony 10th 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 Nanganallur

The guideline value is a critical factor during the registration of property transactions in Nanganallur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both the buyer and seller understand the fair valuation of the property. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 10th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 10th 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 447 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting a total increase of +772% over the years.

What is the land classification for Nanga Nallur Co-operative Housing Society Colony 10th Street?

This street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Alandur Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 10th Street and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.