Guideline Value for Nanganallur Co-operative Housing Society Colony 10th Street

Nanganallur Co-operative Housing Society Colony 10th Street guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Nanganallur Co-operative Housing Society Colony 10th Street has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 10th Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,900 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, the value increased by 180%, but then dropped by 33% from 2012 to 2017. However, there was a substantial increase of 49% from 2017 to 2023, and an 11% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 212%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a guideline value for 2024, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Nanganallur Co-operative Housing Society Colony 10th Street.

• Nanganallur Co-operative Housing Society Colony 11th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 12th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 13th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 1st Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 2nd Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-operative Housing Society Colony 10th 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, totaling Rs 3,51,000. 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 10th Street?

The Sub Registrar Office that covers Nanganallur Co-operative Housing Society Colony 10th Street is 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 Adambakkam

The guideline value is an essential factor in the registration process when buying or selling properties in Adambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction takes place, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 10th Street?

The current guideline value for Nanganallur Co-operative Housing Society Colony 10th 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 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% over the years.

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

For a property valued at 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 registration for Nanganallur Co-operative Housing Society Colony 10th Street is handled by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for this street?

The land classification for Nanganallur Co-operative Housing Society Colony 10th Street is Residential Class I Type - III.