Guideline Value for Nanganallur Co-operative Housing Society Colony 7th Street

Nanganallur Co-operative Housing Society Colony 7th Street guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 7th 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 7th Street has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 7th Street has undergone several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, by 2017, it dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by the current figure of Rs 3,900 per sq.ft from the 2024 revision, reflecting an increase of 11%.

Notably, the register does not have 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 carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with the median value being Rs 3,900 per sq.ft. The guideline value for Nanganallur Co-operative Housing Society Colony 7th Street matches this median.

• Nanganallur Co-operative Housing Society Colony 6th 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 5th 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 4th 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 7th Street

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 amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to 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 7th Street?

The Nanganallur Co-operative Housing Society Colony 7th Street 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 Adambakkam

The guideline value is a critical factor in the registration process of property transactions in Adambakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the transaction is recorded at a fair value as per the government regulations.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 7th Street?

The current guideline value for Nanganallur Co-operative Housing Society Colony 7th 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 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 street?

Nanganallur Co-operative Housing Society Colony 7th 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 7th Street 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 properties in this area?

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