Guideline Value for Thillai Ganga Nagar 19th Street

Thillai Ganga Nagar 19th Street guideline value

The current guideline value of Thillai Ganga Nagar 19th 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 19th Street has changed

The guideline value for Thillai Ganga Nagar 19th Street has seen several revisions over the years. In 2002, the guideline value was Rs 397 per sq.ft. This 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% change. The next revision in 2012 brought the value down to Rs 3,500 per sq.ft, reflecting a decrease of 33%. In 2017, the value rose to Rs 2,345 per sq.ft, an increase of 49%. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, with the current guideline value being Rs 3,900 per sq.ft from 2024, representing an 11% increase from the previous year.

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 is equal to the guideline value of Thillai Ganga Nagar 19th Street.

• Thillai Ganga Nagar 1st Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 17th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 20th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 21st Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 19th 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, bringing the total 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 19th Street?

The Thillai Ganga Nagar 19th Street falls under the jurisdiction of 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 factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately according to government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 19th Street?

The current guideline value of Thillai Ganga Nagar 19th 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, reflecting an overall increase of 882% over the years.

What is the stamp duty for property in Thillai Ganga Nagar 19th Street?

The stamp duty for property in Thillai Ganga Nagar 19th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration in Thillai Ganga Nagar?

The Alandur Sub Registrar Office handles property registration for Thillai Ganga Nagar 19th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets with similar guideline values in Adambakkam?

Other streets in Adambakkam with similar guideline values include Thillai Ganga Nagar 18th Street, 1st Street, 17th Street, 20th Street, and 21st Street, all valued at Rs 3,900 per sq.ft in 2024.