Guideline Value for Nanganallur Co-Operative Building Society Colony 21st Street

Nanganallur Co-Operative Building Society Colony 21st Street guideline value

The current guideline value for Nanganallur Co-Operative Building Society Colony 21st Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Nanganallur Co-Operative Building Society Colony 21st Street has changed

The guideline value for Nanganallur Co-Operative Building Society Colony 21st Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 442 per sq.ft. In 2003, it increased to Rs 495 per sq.ft, marking a 12% rise. The value then saw significant growth, reaching Rs 1,300 per sq.ft in 2007, an increase of 163%. The 2012 revision brought the value back down to Rs 3,500 per sq.ft, a decrease of 33% from the previous revision. In 2017, the value increased to Rs 2,345 per sq.ft, and by 2023, it further rose to Rs 3,500 per sq.ft, indicating a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, reflecting an 11% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 782%. There are no figures available for the years not listed in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Nanganallur Co-Operative Building Society Colony 21st Street is above this median.

• Nanganallur Co-operative Building Society Colony 19th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-Operative Building Society Colony 2nd Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 18th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 3rd Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 6th Main Road: Rs 5,000 per sq.ft (2024)
• Narmadha Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-Operative Building Society Colony 21st Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the 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, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanganallur Co-Operative Building Society Colony 21st Street?

The Sub Registrar Office that covers Nanganallur Co-Operative Building Society Colony 21st Street is 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 information.

How the guideline value is used when you buy or sell in Ullagaram

The guideline value is a crucial factor when registering property transactions in Ullagaram. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction value. This helps in establishing a fair assessment for the property being registered, ensuring that all parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value for Nanganallur Co-Operative Building Society Colony 21st Street?

The current guideline value for Nanganallur Co-Operative Building Society Colony 21st Street 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 significantly from Rs 442 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 782% over the years.

What is the land classification for this street?

Nanganallur Co-Operative Building Society Colony 21st Street is classified under Residential Class I Type - III.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Nanganallur Co-Operative Building Society Colony 21st Street, 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 plot of 1,000 sq.ft at the current rate, the total stamp duty and registration fees would amount to Rs 3,51,000.