Guideline Value for Nanganallur Co-operative Housing Society Colony 8th Street

Nanganallur Co-operative Housing Society Colony 8th Street guideline value

The current guideline value of Nanganallur Co-operative Housing Society Colony 8th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Nanganallur Co-operative Housing Society Colony 8th Street has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 8th Street has seen 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 180% rise. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,900 per sq.ft in 2024, reflecting an 11% change.

Overall, from 2007 to 2024, the guideline value has increased by 212%. The revisions for 2002 and 2003 do not have figures recorded for this street in the register.

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. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value for Nanganallur Co-operative Housing Society Colony 8th Street.

• Nanganallur Co-operative Housing Society Colony 7th 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 6th 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 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 8th 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. 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 information.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 8th Street?

The Nanganallur Co-operative Housing Society Colony 8th 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 details.

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

The guideline value is a crucial factor during property registration in Adambakkam. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps determine the financial obligations related to the transaction. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nanganallur Co-operative Housing Society Colony 8th Street?

The current guideline value of Nanganallur Co-operative Housing Society Colony 8th 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 increased from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212% over the years.

What is the stamp duty rate for properties in this area?

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

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.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam with the same guideline value of Rs 3,900 per sq.ft include Nanganallur Co-operative Housing Society Colony 7th Street, 9th Street, 6th Street, 5th Street, 4th Street, and 3rd Street.