Guideline Value for Nanganallur Co-operative Housing Society Colony 6th Main Road

Nanganallur Co-operative Housing Society Colony 6th Main Road guideline value

The current guideline value of Nanganallur Co-operative Housing Society Colony 6th Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This property is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Nanganallur Co-operative Housing Society Colony 6th Main Road has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 6th Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 157%. However, this value decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 4,500 per sq.ft in 2023, and most recently, it has increased to Rs 5,000 per sq.ft in 2024, reflecting an 11% increase from the previous year.

Overall, from the 2007 revision to the current 2024 guideline value, there has been an increase of 186%. Notably, the register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Nanganallur Co-operative Housing Society Colony 6th Main Road is above this median.

• Nanganallur Co-operative Housing Society Colony 5th Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 46th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 46th Street: Rs 3,900 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 6th 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 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 6th Main Road?

The Nanganallur Co-operative Housing Society Colony 6th Main Road is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that are applicable when registering a property sale or purchase.

When a property is sold or purchased, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 6th Main Road?

The current guideline value for Nanganallur Co-operative Housing Society Colony 6th 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 changed significantly over the years, from Rs 1,750 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 186%.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Nanganallur Co-operative Housing Society Colony 6th Main Road is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Alandur Sub Registrar Office located?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The higher value between the guideline and the sale price is considered for these calculations.