Guideline Value for Nanga Nallur Co-operative Housing Society Colony 23rd Street

Nanga Nallur Co-operative Housing Society Colony 23rd Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 23rd 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 is classified as Residential Class I Type - I.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 23rd Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 23rd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 396 per sq.ft. This increased to Rs 585 per sq.ft in 2003, marking a change of +48%. The value then rose significantly to Rs 1,750 per sq.ft in 2007, an increase of +199%. In 2012, the value was revised to Rs 4,000 per sq.ft, reflecting a substantial increase of +129% from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, showing a decline of -33%.

Moving forward, the guideline value increased to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in the 2024 revision, which is a +10% change. Overall, from 2002 to 2024, the guideline value has increased by +1011%. There are no other revisions with figures for this street in the register.

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, making the 2024 figure for Nanga Nallur Co-operative Housing Society Colony 23rd Street above this median.

• Nanga Nallur Co-operative Housing Society Colony 22nd Street: Rs 5,000 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 21st Street: Rs 4,400 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 25th Street: Rs 4,400 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 26th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 23rd 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. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 23rd Street?

The Nanga Nallur Co-operative Housing Society Colony 23rd 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 further assistance.

How the guideline value is used when you buy or sell in Nanganallur

The guideline value is a crucial figure used during the registration of property transactions in Nanganallur. It serves as a benchmark for determining the stamp duty and registration fees that must 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 fees. This ensures that the transaction is in accordance with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 23rd Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 23rd 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 changed from Rs 396 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1011% over the years.

What is the median guideline value for streets in Nanganallur?

The median guideline value for the 155 streets in Nanganallur under the Alandur SRO is Rs 3,900 per sq.ft for 2024. Nanga Nallur Co-operative Housing Society Colony 23rd Street's value is above this median.

What are the stamp duty and registration fees for property in Nanga Nallur Co-operative Housing Society Colony 23rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Nanga Nallur Co-operative Housing Society Colony 23rd Street?

The Alandur Sub Registrar Office handles the registration for Nanga Nallur Co-operative Housing Society Colony 23rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.