Guideline Value for Thillai Ganga Nagar 18th Street

Thillai Ganga Nagar 18th Street guideline value

The current guideline value of Thillai Ganga Nagar 18th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village under the Alandur SRO, 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 significant changes over the years. In 2007, the guideline value was Rs 1,250 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017 before rising to Rs 3,500 per sq.ft again in 2023. The latest revision in 2024 set the guideline value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

From 2017 to 2023, there was a 49% increase in the guideline value. The change from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a notable 180%. Overall, from 2007 to 2024, the guideline value has increased by 212%. The register has no figures for the years 2002 and 2003 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 guideline value is Rs 3,900 per sq.ft, which is the same as the guideline value for Thillai Ganga Nagar 18th Street.

• Thillai Ganga Nagar 17th Street: Rs 3,900 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)
• Thillai Ganga Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 13th 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 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, totaling 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 the 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 Palavanthangal

The guideline value is a crucial factor in the registration process of property transactions in Palavanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Thillai Ganga Nagar 18th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, which is an overall increase of 212%.

What is the stamp duty for property in Thillai Ganga Nagar 18th Street?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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

Other streets in Palavanthangal with the same guideline value of Rs 3,900 per sq.ft include Thillai Ganga Nagar 17th Street, 16th Street, 1st Street, 15th Street, 14th Street, and 13th Street.