Guideline Value for Thillai Ganga Nagar 18th Street

Thillai Ganga Nagar 18th Street guideline value

The current guideline value for Thillai Ganga Nagar 18th 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 18th Street has changed

The guideline value for Thillai Ganga Nagar 18th Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 397 per sq.ft. This figure increased to Rs 453 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase to Rs 1,250 per sq.ft in 2007, which was a 176% jump. The 2012 revision maintained the value at Rs 3,500 per sq.ft, reflecting a decrease of 33% from the previous figure. In 2017, the value rose to Rs 2,345 per sq.ft, which was a 49% increase. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, before it increased to Rs 3,900 per sq.ft in 2024, representing an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 882%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a guideline value for 2024 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 18th Street.

• Thillai Ganga Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 19th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 1st Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 16th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 15th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 18th 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, resulting in a total of 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 details.

Which Sub Registrar Office covers Thillai Ganga Nagar 18th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 18th 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 Adambakkam

The guideline value is a key factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the higher of the guideline value or the actual sale price is considered for taxation purposes. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Thillai Ganga Nagar 18th Street?

The current guideline value for Thillai Ganga Nagar 18th 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 significantly from Rs 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 882% across the revisions.

What are the other streets in Adambakkam with the same guideline value?

Several other streets in Adambakkam have the same guideline value of Rs 3,900 per sq.ft for 2024, including Thillai Ganga Nagar 17th Street, 19th Street, 16th Street, 1st Street, and 15th Street.

What are the stamp duty and registration fees for a property in Thillai Ganga Nagar 18th Street?

For a property valued at Rs 39,00,000, the stamp duty is Rs 2,73,000 at 7%, and the registration fee is Rs 78,000 at 2%, totaling Rs 3,51,000.

Which office handles the registration for Thillai Ganga Nagar 18th Street?

The Alandur Sub Registrar Office handles the registration for Thillai Ganga Nagar 18th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.