Guideline Value for Nanganallur Co-operative Building Society Colony 18th Street

Nanganallur Co-operative Building Society Colony 18th Street guideline value

The current guideline value for Nanganallur Co-operative Building Society Colony 18th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Nanganallur Co-operative Building Society Colony 18th Street has changed

The guideline value for Nanganallur Co-operative Building Society Colony 18th Street has seen several revisions over the years. Starting from Rs 503 per sq.ft in 2002, it increased to Rs 563 per sq.ft in 2003. The value then rose significantly to Rs 1,300 per sq.ft in 2007, followed by a further increase to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The value saw a notable increase to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 675%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median for these streets is Rs 2,800 per sq.ft, indicating that the guideline value for Nanganallur Co-operative Building Society Colony 18th 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 21st 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 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 18th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nanganallur Co-operative Building Society Colony 18th Street?

The Nanganallur Co-operative Building Society Colony 18th 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 Ullagaram

The guideline value is an essential factor when registering property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers and sellers should ensure they are informed about the guideline values applicable to their specific property to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Building Society Colony 18th Street?

The current guideline value for Nanganallur Co-operative Building Society Colony 18th 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 from Rs 503 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 675% over this period.

What is the land classification for this street?

The land classification for Nanganallur Co-operative Building Society Colony 18th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for this street?

The Alandur Sub Registrar Office handles the registration for Nanganallur Co-operative Building Society Colony 18th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.