Guideline Value for Nanga Nallur Co-operative Housing Society Colony 27th Street

Nanga Nallur Co-operative Housing Society Colony 27th Street guideline value

The current guideline value of Nanga Nallur Co-operative Housing Society Colony 27th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Commercial Class I Type - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 27th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 27th Street has undergone several revisions over the years. The earliest recorded revision in 2002 set the value at Rs 581 per sq.ft. This value increased significantly to Rs 660 per sq.ft in 2003, marking a 14% rise. The following revisions saw substantial increases, with the value reaching Rs 1,800 per sq.ft in 2007, a 173% increase from the previous year. In 2012, the value was recorded at Rs 4,500 per sq.ft, which was a decrease of 33% from the 2007 figure. The 2017 revision saw a notable increase to Rs 3,015 per sq.ft, followed by a further rise to Rs 4,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 761%. It is important to note that there are no figures available for the revisions in years not mentioned in this register for this street.

Guideline values in Nanganallur

Nanganallur village has a range of guideline values for its 155 streets under the Alandur SRO, with 2024 figures ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing the 2024 guideline value of Nanga Nallur Co-operative Housing Society Colony 27th Street above this median.

• Nanga Nallur Co-operative Housing Society Colony 26th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 28th 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 29th 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 23rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 27th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 27th Street?

The Nanga Nallur Co-operative Housing Society Colony 27th Street falls under the jurisdiction of 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 plays a crucial role in the registration process 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it directly affects the financial obligations involved in the transaction. Buyers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Nanga Nallur Co-operative Housing Society Colony 27th Street?

The current guideline value of Nanga Nallur Co-operative Housing Society Colony 27th Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 581 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 761% over the years.

What are the other streets in Nanganallur with their guideline values?

Other streets in Nanganallur include Nanga Nallur Co-operative Housing Society Colony 26th Street and 29th Street at Rs 5,000 per sq.ft, and 28th and 25th Streets at Rs 4,400 per sq.ft, among others.

What is the registration fee for properties in Nanga Nallur Co-operative Housing Society Colony 27th Street?

The registration fee for properties in Nanga Nallur Co-operative Housing Society Colony 27th Street is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 27th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.