Guideline Value for Nanga Nallur Co-operative Housing Society Colony 43rd Street

Nanga Nallur Co-operative Housing Society Colony 43rd Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 43rd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village, under the Alandur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 43rd Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 43rd Street has undergone several revisions since 2002. The 2002 revision set the value at Rs 541 per sq.ft, which increased to Rs 615 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,800 per sq.ft in 2007, marking a 193% increase from the previous year. The 2012 revision brought the value to Rs 5,000 per sq.ft, reflecting a 178% increase. However, the 2017 revision saw a decrease to Rs 3,350 per sq.ft, which was a 33% drop. The value then increased to Rs 5,000 per sq.ft in 2023, and finally, the latest revision in 2024 set it at Rs 5,500 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 917%. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Nanganallur

Nanganallur village has a total of 155 streets under the Alandur SRO with 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 guideline value of Nanga Nallur Co-operative Housing Society Colony 43rd Street above this median.

• Nanga Nallur Co-operative Housing Society Colony 42nd Street: Rs 3,900 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 44th 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 45th Street: Rs 5,500 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 46th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 43rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total of Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 43rd Street?

The Nanga Nallur Co-operative Housing Society Colony 43rd 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 of property transactions in Nanganallur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 43rd Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 43rd Street is Rs 5,500 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 541 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 917% over this period.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Nanga Nallur Co-operative Housing Society Colony 43rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the stamp duty rate for property in this area?

The stamp duty rate for property in Nanga Nallur Co-operative Housing Society Colony 43rd Street is 7% of the guideline value or sale price, whichever is higher.

What are the guideline values of other streets in Nanganallur?

Other streets in Nanganallur have varying guideline values, with the 2024 figures ranging from Rs 3,900 to Rs 5,500 per sq.ft. For example, Nanga Nallur Co-operative Housing Society Colony 42nd Street has a guideline value of Rs 3,900 per sq.ft.