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Guideline Value

Corporate

Guideline Value for Thillai Ganga Nagar 16th Street

₹3900/sq.ft.

The guideline value for Thillai Ganga Nagar 16th Street in Palavanthangal village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavanthangal

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thillai Ganga Nagar 16th Street

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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 Palavanthangal village, 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

Over the years, the guideline value of Thillai Ganga Nagar 16th Street has seen significant changes. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased to Rs 3,500 per sq.ft in the 2012 revision, reflecting a rise of 180%. However, the value dropped by 33% to Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision marked a substantial increase to Rs 3,500 per sq.ft, and the latest 2024 revision further raised it to Rs 3,900 per sq.ft, showing an 11% increase from the previous year.

The overall change from 2007 to 2024 is an increase of 212%. Notably, there are no figures available for the years 2002 and 2003 in the register 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. The median value is Rs 3,900 per sq.ft, which is the same as the guideline value for Thillai Ganga Nagar 16th Street.

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 is charged at 7%, which totals Rs 2,73,000, and the registration fee at 2% amounts to Rs 78,000. Together, the total cost for stamp duty and registration fee is 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Thillai Ganga Nagar 16th 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 Palavanthangal

The guideline value is a crucial factor in the registration process when buying or selling property in Palavanthangal. It serves as a benchmark to determine the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly in accordance with government regulations.

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 changed from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% over the years.

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?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 39,00,000, the total stamp duty and registration fees would amount to 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.