Guideline Value for Nanga Nallur Co-operative Housing Society Colony 20th Street

Nanga Nallur Co-operative Housing Society Colony 20th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 20th Street is Rs 4,400 per sq.ft. This street is located in Nanganallur village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 20th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 20th Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 457 per sq.ft. This increased to Rs 519 per sq.ft in 2003, marking a change of +14%. The value then surged significantly to Rs 1,750 per sq.ft in 2007, an increase of +237%. Following this, the 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of -33% from the previous revision. The value remained the same in the 2017 revision at Rs 2,680 per sq.ft, before rising to Rs 4,000 per sq.ft in 2023, reflecting a +49% change. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a +10% increase from 2023.

It is important to note that 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 +863%.

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 in this area is Rs 3,900 per sq.ft, placing the 2024 figure for Nanga Nallur Co-operative Housing Society Colony 20th Street above this median.

• Nanga Nallur Co-operative Housing Society Colony 21st Street: Rs 4,400 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 22nd Street: Rs 5,000 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 23rd Street: Rs 4,400 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 24th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 20th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 20th Street?

The Nanga Nallur Co-operative Housing Society Colony 20th 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 information.

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 a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 20th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 20th Street is Rs 4,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 457 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +863% over the years.

What is the registration office for Nanga Nallur Co-operative Housing Society Colony 20th Street?

The registration office for Nanga Nallur Co-operative Housing Society Colony 20th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Nanganallur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be calculated at 7% of this amount.

What are the guideline values for other streets in Nanganallur?

Other streets in Nanganallur have varying guideline values. For instance, the 21st Street and 23rd Street both have a guideline value of Rs 4,400 per sq.ft, while the 22nd and 24th Streets are valued at Rs 5,000 per sq.ft.