Guideline Value for Nanga Nallur Co-operative Housing Society Colony 46th Street

Nanga Nallur Co-operative Housing Society Colony 46th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 46th Street is Rs 3,900 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 - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 46th Street has changed

The guideline value has seen several revisions over the years. In 2002, the guideline value was Rs 414 per sq.ft, which increased to Rs 474 per sq.ft in 2003, marking a 14% rise. The following revisions showed significant growth, with the value reaching Rs 1,750 per sq.ft in 2007, a 269% increase. The value then rose to Rs 3,500 per sq.ft in 2012, reflecting a 100% increase from the previous revision. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 3,500 per sq.ft, which is a 49% rise. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, representing an 11% increase from the previous year. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Nanganallur

Nanganallur village has a range of guideline values across its 155 streets under the Alandur SRO. The 2024 figures vary from Rs 2,800 to Rs 6,600 per sq.ft, with the median value being Rs 3,900 per sq.ft. The guideline value for Nanga Nallur Co-operative Housing Society Colony 46th Street matches this median.

• Nanga Nallur Co-operative Housing Society Colony 45th Street: Rs 5,500 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 47th Street: Rs 4,400 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 48th Street: Rs 5,000 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 43rd Street: Rs 5,500 per sq.ft (2024)
• Nanga Nallur Co-operative Housing Society Colony 49th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 46th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the 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 46th Street?

The Nanga Nallur Co-operative Housing Society Colony 46th 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 serves as a reference point for property transactions in Nanganallur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost involved in the transaction. This ensures that the property is registered at a value that complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 46th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 46th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 414 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 842%.

What is the land classification for this street?

Nanga Nallur Co-operative Housing Society Colony 46th Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office covering Nanga Nallur Co-operative Housing Society Colony 46th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be calculated at 7% of that amount.