Guideline Value for Nanganallur Co-operative Housing Society Colony 46th Street

Nanganallur Co-operative Housing Society Colony 46th Street guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 46th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry 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 Housing Society Colony 46th Street has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded revision is from 2007, with a guideline value of Rs 1,750 per sq.ft. This was followed by a significant increase to Rs 3,500 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then increased again to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, which is an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 123%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is the same as the guideline value for Nanganallur Co-operative Housing Society Colony 46th Street. Below are the guideline values for other streets in Thalakanancherry:

• Nanganallur Co-operative Housing Society Colony 46th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 5th Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 6th Main Road: Rs 5,000 per sq.ft (2024)
• Muvarasampattu Main Road: Rs 4,400 per sq.ft (2024)
• Nehru High Road Main: Rs 2,800 per sq.ft (2024)
• Muthamizh Veedhi: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-operative Housing Society Colony 46th 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 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 detailed calculations.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 46th Street?

The Nanganallur Co-operative Housing Society Colony 46th Street falls under the jurisdiction of 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 Thalakanancherry

When buying or selling property in Thalakanancherry, the guideline value is used as a basis for calculating stamp duty and registration fees. This value is determined by the local registration authority and is essential for ensuring compliance with legal requirements during property transactions.

It is crucial for buyers and sellers to be aware of the guideline value as it can affect the overall cost of the transaction. The guideline value helps in establishing a fair and transparent process in property registration.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 46th Street?

The current guideline value for Nanganallur Co-operative Housing Society Colony 46th 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 1,750 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 123% over the years.

What is the land classification for this area?

Nanganallur Co-operative Housing Society Colony 46th Street is classified as Residential Class I Type - III.

Where can I find the registration office for this street?

The registration office for Nanganallur Co-operative Housing Society Colony 46th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.