Guideline Value for Thillai Ganga Nagar 13th Street

Thillai Ganga Nagar 13th Street guideline value

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

The guideline value for Thillai Ganga Nagar 13th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017 before rising again to Rs 3,500 per sq.ft in 2023. The current value of Rs 3,900 per sq.ft reflects an increase of 11% from the previous year.

In summary, the changes between the revisions are as follows: from 2007 to 2012, there was a substantial increase of 180%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 212%. The register does not have 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, with the median being Rs 3,900 per sq.ft. Thillai Ganga Nagar 13th Street's current guideline value is equal to this median.

• 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, bringing the total charges to 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 our stamp duty and registration fee calculator for more details.

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 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 of property transactions in Palavanthangal. It serves as a reference point for calculating the stamp duty and registration fees that buyers must pay when acquiring property. This ensures that the transaction is documented at a value that reflects the current market conditions as determined by the state.

When selling property, the guideline value can influence the sale price, as it provides a baseline for both buyers and sellers. It is essential for both parties to be aware of the guideline value to ensure a smooth transaction process and to comply with legal requirements during registration.

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 changed several times, starting from Rs 1,250 per sq.ft in 2007, increasing to Rs 3,500 in 2012, decreasing to Rs 2,345 in 2017, then rising to Rs 3,500 in 2023, and finally reaching Rs 3,900 in 2024.

What is the stamp duty rate for property in Thillai Ganga Nagar 13th Street?

The stamp duty rate for property transactions in Thillai Ganga Nagar 13th Street is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for property in this area?

The registration fee for property in Thillai Ganga Nagar 13th Street is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Palavanthangal?

The Alandur Sub Registrar Office handles property registrations in Palavanthangal, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.