Guideline Value for Nanga Nallur Co-operative Housing Society Colony 12th Street

Nanga Nallur Co-operative Housing Society Colony 12th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 12th 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 Nanga Nallur Co-operative Housing Society Colony 12th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 12th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 411 per sq.ft. This value increased to Rs 469 per sq.ft in 2003, marking a rise of 14%. The subsequent revision in 2007 saw a significant jump to Rs 1,750 per sq.ft, an increase of 273%. In 2012, the value remained at Rs 3,500 per sq.ft, but in 2017, it decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, followed by the current figure of Rs 3,900 per sq.ft from the 2024 revision, which represents an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 849%. Notably, there are no recorded figures for the revisions in years other than those specified.

Guideline values in Nanganallur

In Nanganallur, there are 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 is Rs 3,900 per sq.ft, which is the same as the current figure for Nanga Nallur Co-operative Housing Society Colony 12th Street.

• Nanga Nallur Co-operative Housing Society Colony 11th 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 10th Street: Rs 3,900 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 12th 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 cost for these 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. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 12th Street?

The Nanga Nallur Co-operative Housing Society Colony 12th Street falls under the jurisdiction of 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 plays a crucial role in the registration process when buying or selling property in Nanganallur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 12th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 12th 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 over the years, from Rs 411 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 849%.

What is the land classification for this street?

Nanga Nallur Co-operative Housing Society Colony 12th Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000, with stamp duty at Rs 2,73,000 and registration fees at Rs 78,000, totaling Rs 3,51,000.

Which office handles registrations for this street?

The Alandur Sub Registrar Office handles registrations for Nanga Nallur Co-operative Housing Society Colony 12th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.