Guideline Value for Nanga Nallur Co-operative Housing Society Colony 30th Street

Nanga Nallur Co-operative Housing Society Colony 30th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 30th Street is Rs 3,900 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 - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 30th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 30th Street has seen several revisions over the years. In 2002, the value was Rs 507 per sq.ft, which increased to Rs 576 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,750 per sq.ft in 2007, and then it doubled to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and most recently, it has risen to Rs 3,900 per sq.ft in 2024.

Notably, the changes between the revisions indicate a +11% increase from 2023 to 2024, a +49% increase from 2017 to 2023, a -33% decrease from 2012 to 2017, a +100% increase from 2007 to 2012, a +204% increase from 2003 to 2007, and a +14% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by +669%.

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 30th Street is equal to this median.

• Nanga Nallur Co-operative Housing Society Colony 31st 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 32nd Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 33rd 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 34th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 30th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value is Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. 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 30th Street?

The Nanga Nallur Co-operative Housing Society Colony 30th 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 is a crucial factor during the registration 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, the guideline value helps both parties understand the official valuation of the property. It is important to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 30th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 30th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 507 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of +669% over the years.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for this street?

The Alandur Sub Registrar Office handles the registration for Nanga Nallur Co-operative Housing Society Colony 30th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the classification of land in this area?

The land classification for Nanga Nallur Co-operative Housing Society Colony 30th Street is Residential Class I Type - II.