Guideline Value for Thillai Ganga Nagar 16th Street

Thillai Ganga Nagar 16th Street guideline value

The current guideline value of Thillai Ganga Nagar 16th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam 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 16th Street has changed

The guideline value for Thillai Ganga Nagar 16th Street has seen several revisions over the years. The earliest recorded value in 2002 was Rs 473 per sq.ft, which increased to Rs 539 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%. The value surged by 180% from 2007 to 2012, and from 2003 to 2007, it rose by 132%. Overall, from 2002 to 2024, the guideline value has increased by 725%. There are no figures available for revisions in any other years for this street.

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 current guideline value for Thillai Ganga Nagar 16th Street.

• Thillai Ganga Nagar 15th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 19th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 16th 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 costs 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.

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

Which Sub Registrar Office covers Thillai Ganga Nagar 16th Street?

The Thillai Ganga Nagar 16th Street is covered by 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 property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

At the time of registration, the guideline value helps ensure that the transaction is recorded accurately in the official records. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 16th Street?

The current guideline value of Thillai Ganga Nagar 16th 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 473 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 725% over this period.

What is the land classification for Thillai Ganga Nagar 16th Street?

The land classification for Thillai Ganga Nagar 16th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for properties 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, totalling Rs 3,51,000.

Which office handles registrations for Thillai Ganga Nagar 16th Street?

The Alandur Sub Registrar Office handles registrations for Thillai Ganga Nagar 16th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.