Guideline Value for Nanga Nallur Co-operative Housing Society Colony 38th Street

Nanga Nallur Co-operative Housing Society Colony 38th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 38th Street is Rs 3,900 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 - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 38th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 38th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 422 per sq.ft. This value increased significantly to Rs 479 per sq.ft in 2003, marking a 14% rise. The following revisions saw substantial changes, with the value jumping to Rs 1,750 per sq.ft in 2007, a remarkable increase of 265%. In 2012, the value adjusted to Rs 3,500 per sq.ft, reflecting a 100% increase from the previous revision. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 824%. There are no figures available for any revisions for this street in years other than those listed.

Guideline values in Nanganallur

Nanganallur village features 155 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value among these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value for Nanga Nallur Co-operative Housing Society Colony 38th Street.

• Nanga Nallur Co-operative Housing Society Colony 38th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 37th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 39th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 37th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 39th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 36th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 38th 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, and the registration fee at 2% would be Rs 78,000, making the total Rs 3,51,000. It is important to 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 38th Street?

The Nanga Nallur Co-operative Housing Society Colony 38th 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 plays a crucial role in the registration process of property transactions in Nanganallur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 38th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 38th 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 seen several revisions, starting from Rs 422 per sq.ft in 2002 to the current value of Rs 3,900 per sq.ft in 2024, marking an overall increase of 824% over the years.

What is the registration office for this street?

The registration office for Nanga Nallur Co-operative Housing Society Colony 38th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for a property 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.

Where can I find more information about guideline values in Nanganallur?

More information about guideline values in Nanganallur can be found in the registration department's guideline value register (TNReginet) and through local resources.