Guideline Value for Nanganallur Co-Operative Building Society Colony 3rd Main Road

Nanganallur Co-Operative Building Society Colony 3rd Main Road guideline value

The current guideline value for Nanganallur Co-Operative Building Society Colony 3rd Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This area falls under Ullagaram village and is classified as Residential Class I Type - I, governed by the Alandur SRO.

How the guideline value of Nanganallur Co-Operative Building Society Colony 3rd Main Road has changed

The guideline value for Nanganallur Co-Operative Building Society Colony 3rd Main Road has seen substantial changes over the years. In 2002, the guideline 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 to Rs 1,750 per sq.ft in 2007, representing a 196% change. Following this, the value rose to Rs 4,500 per sq.ft in 2012, an increase of 157%. However, it dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 5,000 per sq.ft from the 2024 revision, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 863%. The revisions from 2017 to 2023 saw a 49% increase, while the change from 2012 to 2017 was a decrease of 33%. There are no figures available for other years regarding this street in the register.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Nanganallur Co-Operative Building Society Colony 3rd Main Road's 2024 guideline value above this median.

• Nanganallur Co-Operative Building Society Colony 2nd 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)
• Nanganallur Co-Operative Building Society Colony 21st Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 19th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Building Society Colony 18th Street: Rs 3,900 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 3rd Main Road

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, calculated at 7%, would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to note that the 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 Nanganallur Co-Operative Building Society Colony 3rd Main Road?

The Nanganallur Co-Operative Building 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 Ullagaram

The guideline value is a critical factor when buying or selling property in Ullagaram. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone involved in property transactions in Ullagaram, as it ensures compliance with local regulations and helps in estimating the overall costs associated with property registration.

Frequently asked questions

What is the current guideline value for Nanganallur Co-Operative Building Society Colony 3rd Main Road?

The current guideline value for Nanganallur Co-Operative Building 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 changed significantly 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 registration office for this area?

The registration office covering Nanganallur Co-Operative Building Society Colony 3rd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Where can I find more information about guideline values in Ullagaram?

More information about guideline values in Ullagaram can be found through the Registration Department's guideline value register (TNReginet) and by checking other streets in Ullagaram.