Guideline Value for Nanga Nallur Co-operative Housing Society Colony 31st Street

Nanga Nallur Co-operative Housing Society Colony 31st Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 31st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 31st Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 31st Street has seen significant changes over the years. The earliest recorded figure in the register is from 2002, with a guideline value of Rs 435 per sq.ft. This increased to Rs 494 per sq.ft in 2003, marking a change of +14%. The value then rose dramatically by +254% to Rs 1,750 per sq.ft in 2007. Following this, in 2012, the value was Rs 4,000 per sq.ft, reflecting an increase of +129% from the previous revision. However, between 2012 and 2017, the value decreased by -33% to Rs 2,680 per sq.ft. The next revision in 2023 saw an increase of +49%, bringing the value to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a rise of +10%.

It is important to note that there are no figures available for revisions in years other than those mentioned. The overall change from 2002 to 2024 is +911%.

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 value for these streets is Rs 3,900 per sq.ft, making the 2024 guideline value for Nanga Nallur Co-operative Housing Society Colony 31st Street above this median.

• Nanga Nallur Co-operative Housing Society Colony 30th Street: Rs 3,900 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 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 34th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 35th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 31st 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, and the registration fee at 2% would be Rs 88,000, totaling 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 also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 31st Street?

The Nanga Nallur Co-operative Housing Society Colony 31st 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 further assistance.

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 is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable fees.

When engaging in a property transaction, it is essential to consult the latest guideline values to ensure compliance with local regulations. Understanding these values can help in accurately estimating the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 31st Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 31st 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 significantly from Rs 435 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +911% over the years.

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

For a property valued at 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 registrations for this street?

The Alandur Sub Registrar Office handles registrations for Nanga Nallur Co-operative Housing Society Colony 31st Street, located at 12 Ist Main Road, Nanganallur.

What is the median guideline value for streets in Nanganallur?

The median guideline value for streets in Nanganallur is Rs 3,900 per sq.ft, with Nanga Nallur Co-operative Housing Society Colony 31st Street being above this median at Rs 4,400 per sq.ft.