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Guideline Value

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Guideline Value for Nanga Nallur Co-operative Housing Society Colony 32nd Street

₹3900/sq.ft.

The guideline value for Nanga Nallur Co-operative Housing Society Colony 32nd Street in Nanganallur village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanganallur

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹413 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹363 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nanga Nallur Co-operative Housing Society Colony 32nd Street

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Nanga Nallur Co-operative Housing Society Colony 32nd Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 32nd Street is Rs 3,900 per sq.ft. 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 32nd Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 32nd Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 363 per sq.ft. This increased significantly to Rs 413 per sq.ft in 2003, marking a 14% rise. Following this, the value surged to Rs 1,750 per sq.ft in 2007, representing a substantial increase of 324%.

From 2007 to 2012, the guideline value doubled to Rs 3,500 per sq.ft, showing a 100% increase. However, it then decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 3,900 per sq.ft, which is an 11% increase from the previous year.

Guideline values in Nanganallur

Nanganallur village has a range of guideline values across its 155 streets under the Alandur SRO, with figures for 2024 ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the 2024 guideline value for this street.

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 32nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value or 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 32nd Street?

The Nanga Nallur Co-operative Housing Society Colony 32nd Street falls under 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 when buying or selling property in Nanganallur. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration, ensuring that the transaction is officially recorded.

Buyers and sellers should be aware that the guideline value is set by the Registration Department and reflects the minimum value for property transactions in the area. It is essential to consider this value when negotiating sale prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nanga Nallur Co-operative Housing Society Colony 32nd Street?

The current guideline value 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 increased from Rs 363 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 974%.

What is the land classification of this street?

Nanga Nallur Co-operative Housing Society Colony 32nd Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Nanga Nallur Co-operative Housing Society Colony 32nd Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.