Guideline Value for Nanga Nallur Co-operative Housing Society Colony 39th Street Extension

Nanga Nallur Co-operative Housing Society Colony 39th Street Extension guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 39th Street Extension is Rs 3,900 per sq.ft, effective from 1 July 2024. This property 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 39th Street Extension has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 39th Street Extension has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

In summary, the changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and an overall increase of 11% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, which is equal to the guideline value of Nanga Nallur Co-operative Housing Society Colony 39th Street Extension.

• Nanga Nallur Co-operative Housing Society Colony 39th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 38th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 3rd Main Road: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 38th Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 40th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 37th Street Extension: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 39th Street Extension

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, resulting in a total cost of 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 39th Street Extension?

The Nanga Nallur Co-operative Housing Society Colony 39th Street Extension 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 is a crucial factor when registering property transactions in Nanganallur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department.

When buying or selling property, the guideline value helps both parties understand the financial obligations involved. It is essential for buyers and sellers 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 39th Street Extension?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 39th Street Extension 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 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an increase of 11%. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 39th Street Extension, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Nanga Nallur Co-operative Housing Society Colony 39th Street Extension is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

What is the land classification for this area?

The land classification for Nanga Nallur Co-operative Housing Society Colony 39th Street Extension is Residential Class I Type - II, which indicates its use for residential purposes.