Guideline Value for Thillai Ganga Nagar 15th Street

Thillai Ganga Nagar 15th Street guideline value

The current guideline value for Thillai Ganga Nagar 15th 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 15th Street has changed

The guideline value for Thillai Ganga Nagar 15th Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 433 per sq.ft, which increased to Rs 494 per sq.ft in 2003. The value saw a significant rise to Rs 1,250 per sq.ft in 2007, followed by a further increase to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017 before rising again to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 801%. The register has no figure for the years not mentioned in the list.

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 guideline value is Rs 3,900 per sq.ft, which matches the 2024 figure for Thillai Ganga Nagar 15th Street.

• Thillai Ganga Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 18th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 15th 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thillai Ganga Nagar 15th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 15th 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 details.

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

The guideline value is a crucial aspect of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction is conducted fairly and transparently.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thillai Ganga Nagar 15th Street?

The current guideline value for Thillai Ganga Nagar 15th 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 433 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 801% over the years.

What are the stamp duty rates for properties in Thillai Ganga Nagar 15th Street?

The stamp duty for properties in Thillai Ganga Nagar 15th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Thillai Ganga Nagar 15th Street located?

The Sub Registrar Office for Thillai Ganga Nagar 15th Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Adambakkam?

The median guideline value for streets in Adambakkam under the Alandur SRO is Rs 3,900 per sq.ft, which is also the guideline value for Thillai Ganga Nagar 15th Street in 2024.