Guideline Value for Nehru Colony 13th Cross Street

Nehru Colony 13th Cross Street guideline value

The current guideline value of Nehru Colony 13th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Nehru Colony 13th Cross Street has changed

The guideline value for Nehru Colony 13th Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 319 per sq.ft. This increased to Rs 363 per sq.ft in 2003, marking a 14% rise. The value saw a significant increase to Rs 700 per sq.ft in 2007, which was a 93% change. Following this, the value surged to Rs 3,000 per sq.ft in 2012, reflecting a substantial 329% increase. However, it then dropped to Rs 2,010 per sq.ft in 2017, indicating a decrease of 33%. The value climbed again to Rs 3,000 per sq.ft in 2023, and most recently, it has risen to Rs 3,300 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 934%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Nanganallur

Nanganallur has 155 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Nehru Colony 13th Cross Street's 2024 figure below that median.

• Nehru Colony 12th Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Nehru Colony 12th Cross Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 11th Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 14th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Colony 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nehru Colony 13th Cross Street?

The Sub Registrar Office that covers Nehru Colony 13th Cross Street is 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 Nanganallur

The guideline value is a critical factor in property transactions in Nanganallur, as it determines the minimum value at which a property can be registered. It ensures that the registration fees and stamp duty are calculated based on a standard value, thereby promoting transparency in real estate transactions.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential for buyers to be aware of the current guideline value to ensure they are paying a fair price during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Colony 13th Cross Street?

The current guideline value of Nehru Colony 13th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 319 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 934% over the years.

What are the other streets in Nanganallur with their guideline values?

Other streets in Nanganallur include Nehru Colony 12th Street, Nehru Colony 13th Street, Nehru Colony 12th Cross Street, Nehru Colony 14th Cross Street, Nehru Colony 11th Street, and Nehru Colony 14th Street, each with their respective guideline values listed.

What is the stamp duty for property in Nehru Colony 13th Cross Street?

The stamp duty for a property valued at Rs 33,00,000 in Nehru Colony 13th Cross Street would be Rs 2,31,000, calculated at 7% of the guideline value.

Where is the Sub Registrar Office for Nehru Colony 13th Cross Street located?

The Sub Registrar Office for Nehru Colony 13th Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.