Guideline Value for Nanganallur Co-operative Housing Society Colony 5th Main Road

Nanganallur Co-operative Housing Society Colony 5th Main Road guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 5th Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This property is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Nanganallur Co-operative Housing Society Colony 5th Main Road has changed

The guideline value has undergone several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 3,015 per sq.ft, before rising again to Rs 4,500 per sq.ft in 2023. The most recent revision in 2024 has increased the guideline value to Rs 5,000 per sq.ft, marking an 11% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 186%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with 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, placing Nanganallur Co-operative Housing Society Colony 5th Main Road above this median.

• Nanganallur Co-operative Housing Society Colony 6th Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 46th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 46th Street: Rs 3,900 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 5th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 5th Main Road?

The Nanganallur Co-operative Housing Society Colony 5th Main Road falls under 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

The guideline value is a crucial factor when registering property transactions in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 5th Main Road?

The current guideline value for Nanganallur Co-operative Housing Society Colony 5th 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 1,750 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 186% over the years.

What is the stamp duty for property in Nanganallur Co-operative Housing Society Colony 5th Main Road?

The stamp duty for property in Nanganallur Co-operative Housing Society Colony 5th Main Road is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Nanganallur Co-operative Housing Society Colony 5th Main Road?

The Alandur Sub Registrar Office handles property registrations for Nanganallur Co-operative Housing Society Colony 5th Main Road, located at 12 Ist Main Road, Nanganallur.

What should I know about the guideline value when buying property?

When buying property, it is important to be aware of the current guideline value as it affects the stamp duty and registration fees. The guideline value serves as a benchmark for these costs during the registration process.