Guideline Value for Thillai Ganga Nagar 1st Street

Thillai Ganga Nagar 1st Street guideline value

The current guideline value of Thillai Ganga Nagar 1st 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 1st Street has changed

The guideline value for Thillai Ganga Nagar 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 554 per sq.ft. This increased to Rs 632 per sq.ft in 2003, representing a 14% rise. The value then saw significant growth, reaching Rs 1,250 per sq.ft in 2007, a 98% increase from the previous year. In 2012, the guideline value was Rs 3,500 per sq.ft, marking a 180% rise from 2007, but then it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the value surged to Rs 3,500 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, reflecting an 11% rise from 2023. Overall, from 2002 to 2024, the guideline value has increased by 604%. There are no figures available for the revisions in years not listed.

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 for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value for Thillai Ganga Nagar 1st Street.

• Thillai Ganga Nagar 1st Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 19th 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)
• Thillai Ganga Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 22nd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 1st 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 1st Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 1st 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 crucial factor in property transactions in Adambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Accurate knowledge of this value can help in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 1st Street?

The current guideline value of Thillai Ganga Nagar 1st 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 seen several changes from Rs 554 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 604% over this period.

What are the stamp duty and registration fees for property in Thillai Ganga Nagar 1st Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 39,00,000. The stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Thillai Ganga Nagar 1st Street?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Thillai Ganga Nagar 1st Street?

Thillai Ganga Nagar 1st Street is classified as Residential Class I Type - III.