Guideline Value for Nanga Nallur Co-operative Housing Society Colony 25th Street

Nanga Nallur Co-operative Housing Society Colony 25th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 25th 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 25th Street has changed

Over the years, the guideline value for Nanga Nallur Co-operative Housing Society Colony 25th Street has seen significant changes. Starting from Rs 363 per sq.ft in 2002, it rose to Rs 413 per sq.ft in 2003, marking an increase of 14%. The value then surged by 336% to reach Rs 1,800 per sq.ft in 2007. Following this, the guideline value increased by 122% to Rs 4,000 per sq.ft in 2012. However, there was a decrease of 33% to Rs 2,680 per sq.ft in 2017. The value then climbed by 49% to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years not listed in the register for this street. The overall change from 2002 to 2024 is an increase of 1112%.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO with a guideline value for 2024 ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, placing the 2024 figure for Nanga Nallur Co-operative Housing Society Colony 25th Street above this median.

• Nanga Nallur Co-operative Housing Society Colony 24th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 26th 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 27th Street: Rs 5,000 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 28th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 25th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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 25th Street?

The Nanga Nallur Co-operative Housing Society Colony 25th 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 in the registration process of property transactions in Nanganallur. It is used to determine 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 authorities will assess the guideline value to ensure that the transaction is in accordance with the prevailing rates. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 25th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 25th 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 increased from Rs 363 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking a significant overall increase of 1112% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 3,96,000 in fees.

Which office handles property registration for this street?

The Alandur Sub Registrar Office handles property registration for Nanga Nallur Co-operative Housing Society Colony 25th Street, located at 12 Ist Main Road, Nanganallur.

What is the land classification for this street?

Nanga Nallur Co-operative Housing Society Colony 25th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.