Guideline Value for Nanganallur Co-operative Housing Society Colony 37th Street Extn

Nanganallur Co-operative Housing Society Colony 37th Street Extn guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 37th Street Extn is Rs 3,900 per sq.ft, effective from 1 July 2024. This property is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Nanganallur Co-operative Housing Society Colony 37th Street Extn has changed

Over the years, the guideline value for Nanganallur Co-operative Housing Society Colony 37th Street Extn has seen several revisions. The 2007 revision set the value at Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, in 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%. Then, in 2023, the value rose again to Rs 3,500 per sq.ft, followed by the current rate of Rs 3,900 per sq.ft from the 2024 revision, which is an increase of 11% from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 212%. The revisions for the years 2002 and 2003 do not have figures listed in the register for this street.

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 is Rs 3,900 per sq.ft, which matches the current guideline value for Nanganallur Co-operative Housing Society Colony 37th Street Extn.

• Nanganallur Co-operative Housing Society Colony 37th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 3rd Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 2nd Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 4th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-operative Housing Society Colony 37th Street Extn

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, making the total charges 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.

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 37th Street Extn?

The Nanganallur Co-operative Housing Society Colony 37th Street Extn is covered by 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

When buying or selling property in Adambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. It is the value set by the registration department and is used as a benchmark for property transactions.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 37th Street Extn?

The current guideline value for Nanganallur Co-operative Housing Society Colony 37th Street Extn 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 is the land classification for this area?

Nanganallur Co-operative Housing Society Colony 37th Street Extn is classified as Residential Class I Type - III.

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

The Sub Registrar Office covering this property 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 property transactions?

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