Guideline Value for Nanganallur Co-operative Housing Society Colony 11thStreet

Nanganallur Co-operative Housing Society Colony 11thStreet guideline value

The current guideline value of Nanganallur Co-operative Housing Society Colony 11thStreet 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 11thStreet has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 11thStreet has seen significant changes over the years. The earliest recorded figure is from 2002, which was Rs 386 per sq.ft. This value increased to Rs 900 per sq.ft in 2003, marking a rise of 133%. By 2007, the guideline value rose to Rs 1,250 per sq.ft, reflecting a 39% increase. In 2012, the value was recorded at Rs 3,500 per sq.ft, which was a substantial increase of 180% from the previous revision. However, it then dropped to Rs 2,345 per sq.ft in 2017, showing a decrease of 33%. The value increased again to Rs 3,500 per sq.ft in 2023, followed by a further rise to the current value of Rs 3,900 per sq.ft in 2024, representing an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 910%. There are no records of any revisions for this street in the years not mentioned in the provided figures.

Guideline values in Adambakkam

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

• Nanganallur Co-operative Housing Society Colony 12th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 10th 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 11thStreet

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. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 11thStreet?

The Nanganallur Co-operative Housing Society Colony 11thStreet 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 Adambakkam

The guideline value is a crucial factor when buying or selling property in Adambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the transaction.

When a property is registered, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. Therefore, understanding the guideline value is essential for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Nanganallur Co-operative Housing Society Colony 11thStreet?

The current guideline value of Nanganallur Co-operative Housing Society Colony 11thStreet 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 significantly, starting from Rs 386 per sq.ft in 2002 and reaching Rs 3,900 per sq.ft in 2024. The value has seen both increases and decreases over the years, with an overall increase of 910% from 2002 to 2024.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be 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 Housing Society Colony 11thStreet, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value determined in Adambakkam?

The guideline value in Adambakkam is determined based on various factors, including land classification and historical revisions. It serves as a benchmark for calculating stamp duty and registration fees during property transactions.