Guideline Value for Nanga Nallur Co-operative Housing Society Colony 17th Street

Nanga Nallur Co-operative Housing Society Colony 17th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 17th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 17th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 17th Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 363 per sq.ft. This increased significantly to Rs 413 per sq.ft in 2003, marking a change of +14%. The value then rose dramatically to Rs 1,800 per sq.ft in 2007, reflecting an increase of +336%. In 2012, the guideline value was revised to Rs 3,500 per sq.ft, which was a decrease of -33% from the previous figure. The 2017 revision saw another increase to Rs 2,345 per sq.ft, and from there, the value climbed to Rs 3,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 3,900 per sq.ft, an increase of +11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +974%. There are no figures available for the revisions in years that do not appear in the register for this street.

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 for these streets is Rs 3,900 per sq.ft, which aligns with the current value for Nanga Nallur Co-operative Housing Society Colony 17th Street.

• Nanga Nallur Co-operative Housing Society Colony 16th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 18th 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 19th Street: Rs 3,900 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 13th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 17th 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, while the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. Please 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 Nanga Nallur Co-operative Housing Society Colony 17th Street?

The Nanga Nallur Co-operative Housing Society Colony 17th Street is covered by 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 crucial factor in the registration process when buying or selling property in Nanganallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 17th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 17th Street is Rs 3,900 per sq.ft as of 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 363 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +974% over the years.

What is the role of the Alandur SRO?

The Alandur SRO is responsible for the registration of property transactions in Nanganallur, including Nanga Nallur Co-operative Housing Society Colony 17th Street.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is calculated at 2% of the same amount.

Where can I find more information about the guideline values in Nanganallur?

More information about the guideline values in Nanganallur can be found through the official links provided for each street and the stamp duty and registration fee calculator.