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

Nanganallur Co-operative Housing Society Colony 6th Street guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 6th 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 is classified as Residential Class I Type - III.

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

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, the value then decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value saw a substantial increase to Rs 3,500 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, an increase of 11% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 212%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median of Rs 3,900 per sq.ft. Nanganallur Co-operative Housing Society Colony 6th Street's 2024 figure aligns with this median.

• Nanganallur Co-operative Housing Society Colony 7th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 5th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 8th 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 9th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-operative Housing Society Colony 6th 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, making the total cost Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 6th Street?

The Nanganallur Co-operative Housing Society Colony 6th Street 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 further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Adambakkam. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees based on the property's value.

When you engage in a property transaction, it is crucial to be aware of the guideline value as it affects the overall cost of registration. Buyers should ensure they are informed of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value for Nanganallur Co-operative Housing Society Colony 6th 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, starting from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting a total increase of 212% over the years.

What is the land classification for this street?

Nanganallur Co-operative Housing Society Colony 6th Street is classified as Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office covering Nanganallur Co-operative Housing Society Colony 6th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 3,51,000 in fees.