Guideline Value for Thillai Ganga Nagar 13th Street

Thillai Ganga Nagar 13th Street guideline value

The current guideline value for Thillai Ganga Nagar 13th 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 13th Street has changed

The guideline value for Thillai Ganga Nagar 13th Street has seen 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, marking a rise of 14%. The value then surged significantly to Rs 1,250 per sq.ft in 2007, reflecting an increase of 176%. Following that, in 2012, the value was Rs 3,500 per sq.ft, a decrease of 33% from the previous figure. The value remained the same in 2023 at Rs 3,500 per sq.ft before increasing to Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

From 2017 to 2023, the guideline value rose from Rs 2,345 per sq.ft to Rs 3,500 per sq.ft, a significant increase of 49%. Overall, from 2002 to 2024, the guideline value has increased by 882%. It is important to note that the register has no figures for the years not mentioned.

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 is equal to the guideline value for Thillai Ganga Nagar 13th Street.

• Thillai Ganga Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 15th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 10th 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 13th 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, making the total charges Rs 3,51,000. It is important to note that 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 Thillai Ganga Nagar 13th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 13th 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 13th Street?

The current guideline value of Thillai Ganga Nagar 13th 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 seen various changes, starting from Rs 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 882% over this period.

What is the land classification for Thillai Ganga Nagar 13th Street?

Thillai Ganga Nagar 13th Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs total charges of Rs 3,51,000.

Which office handles property registrations for Thillai Ganga Nagar 13th Street?

The Alandur Sub Registrar Office handles property registrations for Thillai Ganga Nagar 13th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.