Guideline Value for Nanga Nallur Co-operative Housing Society Colony 19th Street

Nanga Nallur Co-operative Housing Society Colony 19th Street guideline value

The current guideline value of Nanga Nallur Co-operative Housing Society Colony 19th 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 19th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 19th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 503 per sq.ft, which increased to Rs 571 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase of 206% to reach Rs 1,750 per sq.ft in 2007. Following this, the value doubled to Rs 3,500 per sq.ft in 2012, but then decreased by 33% to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and in the latest revision for 2024, it stands at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 675%. There are no figures available for the revisions in years other than those listed above.

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, with a median value of Rs 3,900 per sq.ft. The guideline value for Nanga Nallur Co-operative Housing Society Colony 19th Street is equal to this median.

• Nanga Nallur Co-operative Housing Society Colony 18th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 17th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 16th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 20th Street: Rs 4,400 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 21st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 19th 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. 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 Nanga Nallur Co-operative Housing Society Colony 19th Street?

The Nanga Nallur Co-operative Housing Society Colony 19th 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 crucial factor during the registration of property transactions in Nanganallur. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the established values in the locality.

Frequently asked questions

What is the current guideline value of Nanga Nallur Co-operative Housing Society Colony 19th Street?

The current guideline value 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 increased from Rs 503 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 675% over this period.

What is the land classification for this street?

Nanga Nallur Co-operative Housing Society Colony 19th Street is classified as Residential Class I Type - II.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate the fees using the stamp duty and registration fee calculator.

Which office handles registrations for this area?

The Alandur Sub Registrar Office handles registrations for Nanga Nallur Co-operative Housing Society Colony 19th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.