Guideline Value for Thillai Ganga Nagar 12th Street

Thillai Ganga Nagar 12th Street guideline value

The current guideline value of Thillai Ganga Nagar 12th Street is Rs 3,900 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 - III.

How the guideline value of Thillai Ganga Nagar 12th Street has changed

Over the years, the guideline value for Thillai Ganga Nagar 12th Street has seen several revisions. The 2007 revision recorded a value of Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 2,345 per sq.ft, before rising again to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 3,900 per sq.ft, reflecting an increase of 11% from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The 2012 revision to the 2017 revision marked a decrease of 33%. The significant rise from the 2007 revision to the 2012 revision was 180%. Overall, from 2007 to 2024, the guideline value has increased by 212%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 is Rs 3,900 per sq.ft, which is the same as the current guideline value for Thillai Ganga Nagar 12th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 12th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 12th 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 in the registration process when buying or selling property in Palavanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 12th Street?

The current guideline value of Thillai Ganga Nagar 12th 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 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212% over the years.

What is the land classification for Thillai Ganga Nagar 12th Street?

Thillai Ganga Nagar 12th Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

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

What are the stamp duty and registration fees for a property in Thillai Ganga Nagar 12th Street?

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 in fees.