Guideline Value for Thilai Ganga Nagar 36th Street

Thilai Ganga Nagar 36th Street guideline value

The current guideline value of Thilai Ganga Nagar 36th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thilai Ganga Nagar 36th Street has changed

The guideline value for Thilai Ganga Nagar 36th Street has undergone several revisions over the years. In 2002, the value was Rs 472 per sq.ft, which increased to Rs 538 per sq.ft in 2003. The following revision in 2007 saw a significant jump to Rs 1,250 per sq.ft, and by 2012, it remained at Rs 3,500 per sq.ft. However, in 2017, the value dropped to Rs 2,345 per sq.ft before rising again to Rs 3,500 per sq.ft in 2023.

As of the latest revision in 2024, the guideline value is Rs 3,900 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 726%. There are no figures available for any revisions in the years not listed.

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 for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thilai Ganga Nagar 36th Street.

• 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)
• Thilagar Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thilai Ganga Nagar 36th 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 to Rs 3,51,000. The duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thilai Ganga Nagar 36th Street?

The Sub Registrar Office that covers Thilai Ganga Nagar 36th 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 Adambakkam

The guideline value plays a crucial role during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which ensures that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value for Thilai Ganga Nagar 36th Street?

The current guideline value for Thilai Ganga Nagar 36th 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 from Rs 472 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 726% over this period.

What is the land classification for Thilai Ganga Nagar 36th Street?

The land classification for Thilai Ganga Nagar 36th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office located for Thilai Ganga Nagar 36th Street?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.