Guideline Value for Nanga Nallur Co-operative Housing Society Colony 21st Street

Nanga Nallur Co-operative Housing Society Colony 21st Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 21st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 21st Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 21st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 442 per sq.ft, which increased to Rs 585 per sq.ft in 2003, marking a change of +32%. By 2007, the value rose significantly to Rs 1,800 per sq.ft, reflecting an increase of +208%. In 2012, the value was Rs 4,000 per sq.ft, showing a substantial growth of +122% from the previous revision. However, in 2017, the value decreased to Rs 2,680 per sq.ft, a drop of -33%. The 2023 revision saw the value increase to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, resulting in a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +895%. There are no figures available for the revisions in the years not listed 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, with a median value of Rs 3,900 per sq.ft. The guideline value for Nanga Nallur Co-operative Housing Society Colony 21st Street is above this median.

• Nanga Nallur Co-operative Housing Society Colony 20th 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 23rd Street: Rs 4,400 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 24th 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 25th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 21st 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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and 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 21st Street?

The Nanga Nallur Co-operative Housing Society Colony 21st 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 plays a crucial role during the registration process of property transactions in Nanganallur. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buyers and sellers engage in property transactions, the guideline value is used to determine the official value of the property for registration purposes. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 21st Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 21st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, increasing from Rs 442 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing a total increase of +895% over this period.

What is the land classification for this area?

Nanga Nallur Co-operative Housing Society Colony 21st Street falls under the Residential Class I Type - I land classification.

Which office handles registrations for this street?

The Alandur Sub Registrar Office handles registrations for Nanga Nallur Co-operative Housing Society Colony 21st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Nanga Nallur Co-operative Housing Society Colony 21st Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.