Guideline Value for Nanganallur Co-operative Housing Society Colony 46th Street Extension

Nanganallur Co-operative Housing Society Colony 46th Street Extension guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 46th Street Extension is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village and falls under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Nanganallur Co-operative Housing Society Colony 46th Street Extension has changed

The guideline value has undergone several revisions over the years. In 2007, the value was set at Rs 1,750 per sq.ft. This increased to Rs 3,500 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The subsequent revision in 2023 raised it to Rs 3,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 3,900 per sq.ft, which is an 11% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 123%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the guideline value for Nanganallur Co-operative Housing Society Colony 46th Street Extension.

• Nanganallur Co-operative Housing Society Colony 46th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 5th Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 6th Main Road: Rs 5,000 per sq.ft (2024)
• Muvarasampattu Main Road: Rs 4,400 per sq.ft (2024)
• Nehru High Road Main: Rs 2,800 per sq.ft (2024)
• Muthamizh Veedhi: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-operative Housing Society Colony 46th Street Extension

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 be 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 the 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 46th Street Extension?

The Nanganallur Co-operative Housing Society Colony 46th Street Extension 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 Thalakanancherry

The guideline value is a crucial factor when registering property transactions in Thalakanancherry. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. This value is particularly important for legal documentation and taxation purposes.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 46th Street Extension?

The current guideline value for Nanganallur Co-operative Housing Society Colony 46th Street Extension 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 seen several revisions: from Rs 1,750 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 123% from 2007 to 2024.

What are the other streets in Thalakanancherry and their guideline values?

Other streets in Thalakanancherry include Nanganallur Co-operative Housing Society Colony 5th Main Road and 6th Main Road at Rs 5,000 per sq.ft, and Muvarasampattu Main Road at Rs 4,400 per sq.ft, among others.

What is the registration fee for property in Nanganallur Co-operative Housing Society Colony 46th Street Extension?

The registration fee for property in this area is calculated based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a registration fee of Rs 78,000 at 2%.

Where can I find the Sub Registrar Office for Nanganallur Co-operative Housing Society Colony 46th Street Extension?

The Sub Registrar Office covering this area is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.