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Guideline Value

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Guideline Value for Nanga Nallur Co-operative Housing Society Colony 33rd Street

₹4400/sq.ft.

The guideline value for Nanga Nallur Co-operative Housing Society Colony 33rd Street in Nanganallur village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanganallur

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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 33rd Street

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Nanga Nallur Co-operative Housing Society Colony 33rd Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 33rd Street is Rs 4,400 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 - I.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 33rd Street has changed

Since the 2002 revision, the guideline value for Nanga Nallur Co-operative Housing Society Colony 33rd Street has seen significant changes. The value was Rs 363 per sq.ft in 2002, which increased to Rs 413 per sq.ft in 2003, marking a 14% rise. From 2003, the value surged to Rs 1,800 per sq.ft in 2007, reflecting a remarkable increase of 336%. In 2012, the value was Rs 4,000 per sq.ft, which was a 122% increase from 2007. However, it decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, marking a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1112%. The register has no figures for the years not listed in the revisions.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO, with guideline values ranging from Rs 2,800 to Rs 6,600 per sq.ft as of 2024. The median value for these streets is Rs 3,900 per sq.ft, and Nanga Nallur Co-operative Housing Society Colony 33rd Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 33rd 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, bringing the total fees to Rs 3,96,000. 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 33rd Street?

The Nanga Nallur Co-operative Housing Society Colony 33rd 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 in the registration process when buying or selling property in Nanganallur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 33rd Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 33rd 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 363 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for this street?

Nanga Nallur Co-operative Housing Society Colony 33rd Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Nanga Nallur Co-operative Housing Society Colony 33rd 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 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 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.