Guideline Value for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road

Nanga Nallur Co-operative Housing Society Colony 3rd Main Road guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This property is located in Nanganallur village and falls under the Alandur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 3rd Main Road has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road has seen several revisions over the years. In 2002, the value was Rs 519 per sq.ft, which increased to Rs 592 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase of 204% to Rs 1,800 per sq.ft in 2007. Following this, in 2012, the value was revised to Rs 4,500 per sq.ft, reflecting a 150% increase from the previous figure.

From 2017, the guideline value was Rs 3,015 per sq.ft, which increased by 49% to Rs 4,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 5,000 per sq.ft, representing an 11% increase from the previous year. The register has no figures for the years between these revisions 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, placing the 2024 figure for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road above this median.

• Nanga Nallur Co-operative Housing Society Colony 39th Street Extension: 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 39th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 41th Street: Rs 4,400 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 42nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value, the total value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total cost for these fees to Rs 4,50,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 3rd Main Road?

The Nanga Nallur Co-operative Housing Society Colony 3rd Main Road 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 during the registration of property transactions in Nanganallur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 519 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 863% over this period.

What is the land classification for this area?

The land classification for Nanga Nallur Co-operative Housing Society Colony 3rd Main Road is Commercial Class I Type - II.

What are the other streets in Nanganallur with their guideline values?

Other streets in Nanganallur include various streets with values ranging from Rs 3,900 to Rs 5,000 per sq.ft as of 2024. This includes streets like 39th Street Extension and 41th Street.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.