Guideline Value for Thillai Ganga Nagar 11th Street

Thillai Ganga Nagar 11th Street guideline value

The current guideline value of Thillai Ganga Nagar 11th 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 is classified as Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 11th Street has changed

The guideline value for Thillai Ganga Nagar 11th Street has undergone several revisions over the years. In 2002, the value was Rs 397 per sq.ft, which increased to Rs 453 per sq.ft in 2003. The subsequent revisions saw significant changes; by 2007, the value had risen to Rs 1,250 per sq.ft, and in 2012, it reached Rs 3,500 per sq.ft. However, it decreased to Rs 2,345 per sq.ft in 2017 before climbing to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 3,900 per sq.ft.

Between the revisions, notable changes include a 14% increase from 2002 to 2003, a 176% rise from 2003 to 2007, and a 180% increase from 2007 to 2012. The value saw a decrease of 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and finally, an 11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 882%.

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 matches the guideline value of Thillai Ganga Nagar 11th Street.

• Thillai Ganga Nagar 10th 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)
• Thillai Ganga Nagar 16th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 11th 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 cost for these 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thillai Ganga Nagar 11th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 11th 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 when buying or selling property in Adambakkam. It is used as a reference for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is set by the government and can vary based on the location and classification of the property.

When registering a property, the guideline value will be compared to the sale price, and the duty will be charged on whichever amount is higher. This ensures that the registration process is transparent and fair, reflecting the true value of the property.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 11th Street?

The current guideline value of Thillai Ganga Nagar 11th 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 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 882% over the years.

What are the stamp duty and registration fees for properties 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.

Which office handles property registrations in Thillai Ganga Nagar?

The Alandur Sub Registrar Office is responsible for property registrations in Thillai Ganga Nagar 11th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value in Adambakkam?

The median guideline value in Adambakkam is Rs 3,900 per sq.ft, which is the same as the current guideline value for Thillai Ganga Nagar 11th Street.