Guideline Value for Nanga Nallur Co-operative Housing Society Colony 28th Street

Nanga Nallur Co-operative Housing Society Colony 28th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 28th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 28th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 28th Street has undergone several revisions over the years. In 2002, the value was Rs 389 per sq.ft, which increased to Rs 499 per sq.ft in 2003, marking a change of +28%. By 2007, the value rose significantly to Rs 1,800 per sq.ft, reflecting an increase of +261%. The value reached Rs 4,000 per sq.ft in 2012, which was a +122% change from 2007. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of -33%. The value then saw a substantial increase to Rs 4,000 per sq.ft in 2023, followed by a further rise to the current rate of Rs 4,400 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1031%. There are no figures available for the years not listed in the register for this street.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO with a 2024 guideline value 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, and the 2024 figure for Nanga Nallur Co-operative Housing Society Colony 28th Street is above this median.

• Nanga Nallur Co-operative Housing Society Colony 27th Street: Rs 5,000 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 26th Street: Rs 5,000 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 2nd Main Road: Rs 5,500 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 28th 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 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. 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 28th Street?

The Nanga Nallur Co-operative Housing Society Colony 28th 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanganallur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both the buyer and seller comply with the legal requirements of property transactions.

When a property is registered, the guideline value is considered to determine the applicable fees. This means that buyers should be aware of the guideline value to understand their financial obligations during the purchase process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 28th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 28th 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 several revisions, increasing from Rs 389 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of +1031%.

What is the registration office for Nanga Nallur Co-operative Housing Society Colony 28th Street?

The registration office for this 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 Nanga Nallur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.

What are the guideline values for other streets in Nanganallur?

In Nanganallur, other streets have varying guideline values, with rates ranging from Rs 4,400 to Rs 5,500 per sq.ft in 2024. For instance, Nanga Nallur Co-operative Housing Society Colony 27th Street has a guideline value of Rs 5,000 per sq.ft.