Guideline Value for Nanganallur Co-operative Housing Society Colony 3rd Main Road

Nanganallur Co-operative Housing Society Colony 3rd Main Road guideline value

The current guideline value of Nanganallur Co-operative Housing Society Colony 3rd Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This property is located in Adambakkam village, under the Alandur SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Nanganallur Co-operative Housing Society Colony 3rd Main Road has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 3rd Main Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 519 per sq.ft. This increased to Rs 900 per sq.ft in 2003, marking a 73% rise. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, an increase of 39%. The 2012 revision saw a significant jump to Rs 4,500 per sq.ft, a 260% increase from the previous figure. However, in 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, followed by the current 2024 revision, which set the guideline value at Rs 5,000 per sq.ft, an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 863%. There are no figures available for the revisions between 2012 and 2017 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, with a median value of Rs 3,900 per sq.ft. The guideline value for Nanganallur Co-operative Housing Society Colony 3rd Main Road is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 3rd Main Road?

The Nanganallur Co-operative Housing Society Colony 3rd 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 Adambakkam

The guideline value plays a crucial role during property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The value is set by the government and is updated periodically based on various factors.

When selling a property, the guideline value helps establish the minimum value for which the property can be registered. This ensures that the property is not undervalued during the sale process, providing transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Nanganallur Co-operative Housing Society Colony 3rd Main Road?

The current guideline value of Nanganallur Co-operative Housing Society Colony 3rd 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 increased from Rs 519 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 863% over the years.

What is the stamp duty for properties in this area?

The stamp duty for properties in Nanganallur Co-operative Housing Society Colony 3rd Main Road is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Nanganallur Co-operative Housing Society Colony 3rd Main Road is the Alandur SRO, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Adambakkam with guideline values?

Other streets in Adambakkam include Nanganallur Co-operative Housing Society Colony 3rd Street, 37th Street Extn, 37th Street, 2nd Street, 4th Street, and 2nd Main Road, with guideline values ranging from Rs 3,900 to Rs 5,000 per sq.ft in 2024.