Guideline Value for Thillai Ganga Nagar 14th Street

Thillai Ganga Nagar 14th Street guideline value

The current guideline value of Thillai Ganga Nagar 14th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 14th Street has changed

The guideline value for Thillai Ganga Nagar 14th Street has seen significant changes over the years. In 2002, the guideline value was Rs 397 per sq.ft. This increased to Rs 453 per sq.ft in 2003, marking a 14% rise. The value continued to climb, reaching Rs 1,250 per sq.ft in 2007, which was a 176% increase from the previous revision. The value then jumped to Rs 3,500 per sq.ft in 2012, reflecting a substantial 180% increase.

From 2012 to 2017, the guideline value decreased to Rs 2,345 per sq.ft, a drop of 33%. However, it rebounded to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, which is an 11% increase from the previous year. 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 for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Thillai Ganga Nagar 14th Street.

• Thillai Ganga Nagar 11th 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 15th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 17th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 14th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the 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. Together, the total cost for these fees would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thillai Ganga Nagar 14th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 14th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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 and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 14th Street?

The current guideline value of Thillai Ganga Nagar 14th 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 increased from Rs 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 882% over this period.

What is the land classification for Thillai Ganga Nagar 14th Street?

The land classification for Thillai Ganga Nagar 14th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for property 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 Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 14th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.