Guideline Value for Nanganallur Co-operative Building Society Colony 19th Street

Nanganallur Co-operative Building Society Colony 19th Street guideline value

The current guideline value for Nanganallur Co-operative Building Society Colony 19th 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 19th Street has changed

The guideline value for Nanganallur Co-operative Building Society Colony 19th Street has seen significant changes over the years. In 2002, the guideline value was Rs 503 per sq.ft, which increased to Rs 563 per sq.ft in 2003. Following this, the value rose to Rs 1,300 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 675%. The changes between the revisions highlight fluctuations, such as a 49% increase from 2017 to 2023 and a notable 169% increase from 2007 to 2012. The register has no figures for the years not mentioned in the revisions.

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. The median guideline value for these streets is Rs 2,800 per sq.ft, making the current value for Nanganallur Co-operative Building Society Colony 19th Street above this median.

• Nanganallur Co-operative Building Society Colony 18th 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 19th 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 cost 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 details.

Which Sub Registrar Office covers Nanganallur Co-operative Building Society Colony 19th Street?

The Nanganallur Co-operative Building Society Colony 19th 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Building Society Colony 19th Street?

The current guideline value for Nanganallur Co-operative Building Society Colony 19th 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, reflecting an overall increase of 675% over this period.

What is the land classification for this area?

The land classification for Nanganallur Co-operative Building Society Colony 19th Street is Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office covering Nanganallur Co-operative Building Society Colony 19th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 39,00,000.