Guideline Value for Thilai Ganga Nagar 19th Street

Thilai Ganga Nagar 19th Street guideline value

The current guideline value of Thilai Ganga Nagar 19th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thilai Ganga Nagar 19th Street has changed

The guideline value for Thilai Ganga Nagar 19th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 220%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The next revision in 2017 saw the value rise to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 252%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. Thilai Ganga Nagar 19th Street's 2024 guideline value of Rs 4,400 per sq.ft is above this median.

• Thillai Ganga Nagar 10th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 15th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thilai Ganga Nagar 19th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thilai Ganga Nagar 19th Street?

The Thilai Ganga Nagar 19th 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 more details.

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

The guideline value is a crucial factor in property transactions in Palavanthangal. When you buy or sell property, the guideline value helps determine the stamp duty and registration fees that need to be paid at the time of registration. It ensures that these fees are calculated based on a standardized valuation of the property.

Additionally, the guideline value serves as a benchmark for property transactions, providing clarity and transparency in the buying and selling process. It helps both buyers and sellers understand the value of the property in the context of the local real estate market.

Frequently asked questions

What is the current guideline value of Thilai Ganga Nagar 19th Street?

The current guideline value of Thilai Ganga Nagar 19th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,250 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 252%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Thilai Ganga Nagar 19th Street?

The Alandur Sub Registrar Office handles registrations for Thilai Ganga Nagar 19th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Thilai Ganga Nagar 19th Street?

Thilai Ganga Nagar 19th Street is classified as Residential Class I Type - II, indicating its suitability for residential development.