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 Palavanthangal village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

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

In the 2007 revision, the guideline value was Rs 1,250 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 180%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, which represented a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,900 per sq.ft in the 2024 revision, which is an 11% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 212%. The changes between revisions show fluctuations in value, reflecting the varying dynamics of the property market over the years.

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. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the 2024 figure for 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, while the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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 Palavanthangal

The guideline value is a critical factor during the registration of property transactions in Palavanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official registry. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

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 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% over the years.

What is the land classification for Thillai Ganga Nagar 11th Street?

The land classification for Thillai Ganga Nagar 11th Street is Residential Class I Type - III.

What is the stamp duty rate for properties in Thillai Ganga Nagar 11th Street?

The stamp duty rate for properties in Thillai Ganga Nagar 11th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thillai Ganga Nagar 11th Street?

The Sub Registrar Office for 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.