Guideline Value for Nanganallur Co-operative Housing Society Colony 9th Street

Nanganallur Co-operative Housing Society Colony 9th Street guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 9th 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Nanganallur Co-operative Housing Society Colony 9th Street has changed

The guideline value for Nanganallur Co-operative Housing Society Colony 9th Street has undergone several revisions over the years. The earliest recorded value was Rs 386 per sq.ft in 2002. This increased to Rs 750 per sq.ft in 2003, marking a significant rise of 94%. The value continued to climb, reaching Rs 1,250 per sq.ft in 2007, which was a 67% increase from the previous revision. By 2012, however, the value adjusted to Rs 3,500 per sq.ft, reflecting a decrease of 33% from 2007. The guideline value then saw a rise to Rs 2,345 per sq.ft in 2017, which was a 49% increase from 2012. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, and the current value of Rs 3,900 per sq.ft in 2024 represents an increase of 11% from the previous year.

It is important to note that there are no figures available for revisions in years other than those specified. The overall increase from 2002 to 2024 is 910%.

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 the same as the guideline value for Nanganallur Co-operative Housing Society Colony 9th Street.

• Nanganallur Co-operative Housing Society Colony 8th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 7th 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 9th 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 or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 9th Street?

The Nanganallur Co-operative Housing Society Colony 9th 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 plays a crucial role during property registration in Adambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on the official value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it can directly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 9th Street?

The current guideline value for Nanganallur Co-operative Housing Society Colony 9th 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 386 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 910% over this period.

What is the stamp duty for properties in Nanganallur Co-operative Housing Society Colony 9th Street?

The stamp duty for properties in Nanganallur Co-operative Housing Society Colony 9th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nanganallur Co-operative Housing Society Colony 9th Street?

The Sub Registrar Office for Nanganallur Co-operative Housing Society Colony 9th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Nanganallur Co-operative Housing Society Colony 9th Street?

Nanganallur Co-operative Housing Society Colony 9th Street is classified as Residential Class I Type - III according to the guideline value register.