Guideline Value for Nanganallur Co-operative Housing Society Colony 12th Street

Nanganallur Co-operative Housing Society Colony 12th Street guideline value

The current guideline value of Nanganallur Co-operative Housing Society Colony 12th 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Nanganallur Co-operative Housing Society Colony 12th Street has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 12th Street has seen several revisions over the years. In 2002, the value was Rs 411 per sq.ft, which increased to Rs 800 per sq.ft in 2003, marking a change of +95%. The value continued to rise to Rs 1,250 per sq.ft in 2007, an increase of +56%. However, in 2012, the value dropped to Rs 3,500 per sq.ft, reflecting a decrease of -33%. This was followed by a rise to Rs 2,345 per sq.ft in 2017, which was an increase of +49% from the previous revision. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, and the current guideline value is Rs 3,900 per sq.ft as of 2024, representing an increase of +11% from the previous year.

It is important to note that the register has no figures for the years between 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by +849%.

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 value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Nanganallur Co-operative Housing Society Colony 12th Street.

• Nanganallur Co-operative Housing Society Colony 11th 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 10th 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 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 12th Street?

The Nanganallur Co-operative Housing Society Colony 12th 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is standardized and transparent, reflecting the official valuation of the property.

Frequently asked questions

What is the current guideline value of Nanganallur Co-operative Housing Society Colony 12th Street?

The current guideline value of Nanganallur Co-operative Housing Society Colony 12th 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 significantly, increasing from Rs 411 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of +849% over the years.

What is the stamp duty rate for properties in Nanganallur Co-operative Housing Society Colony 12th Street?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

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

What are the other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam with a guideline value of Rs 3,900 per sq.ft include Nanganallur Co-operative Housing Society Colony 11th Street, 13th Street, and 10th Street, among others.