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Guideline Value

Corporate

Guideline Value for Nanga Nallur Co-operative Housing Society Colony 8th Street

₹5000/sq.ft.

The guideline value for Nanga Nallur Co-operative Housing Society Colony 8th Street in Nanganallur village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanganallur

Village

Alandur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹479 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹420 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nanga Nallur Co-operative Housing Society Colony 8th Street

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Nanga Nallur Co-operative Housing Society Colony 8th Street guideline value

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 8th Street is Rs 5,000 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 Commercial Class I Type - II.

How the guideline value of Nanga Nallur Co-operative Housing Society Colony 8th Street has changed

The guideline value for Nanga Nallur Co-operative Housing Society Colony 8th Street has seen several revisions over the years. In 2002, the guideline value was Rs 420 per sq.ft, which increased to Rs 479 per sq.ft in 2003. Following this, the value experienced a significant rise to Rs 1,800 per sq.ft in 2007, marking an increase of 276%. In 2012, the value adjusted to Rs 4,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The next revision in 2017 saw the guideline value rise to Rs 3,015 per sq.ft, and by 2023, it further increased to Rs 4,500 per sq.ft.

The most recent revision in 2024 has set the guideline value at Rs 5,000 per sq.ft, which is an increase of 11% from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 1,090%.

Guideline values in Nanganallur

In Nanganallur, there are 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 for Nanga Nallur Co-operative Housing Society Colony 8th Street above this median.

Stamp duty and registration fee for property in Nanga Nallur Co-operative Housing Society Colony 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total fees together Rs 4,50,000. It is important to note that 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 8th Street?

The Nanga Nallur Co-operative Housing Society Colony 8th 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 further assistance.

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 minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official records.

When buyers and sellers engage in property transactions, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Nanga Nallur Co-operative Housing Society Colony 8th Street?

The current guideline value for Nanga Nallur Co-operative Housing Society Colony 8th Street 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 changed from Rs 420 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 1,090% over the years.

What is the land classification for this area?

The land classification for Nanga Nallur Co-operative Housing Society Colony 8th Street is Commercial Class I Type - II.

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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at a rate of 7%.