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 Palavanthangal 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

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,250 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 180%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The trend reversed again, as the value climbed to Rs 3,500 per sq.ft in 2023, and then rose to Rs 3,900 per sq.ft in the 2024 revision, an increase of 11%.

Overall, from 2007 to 2024, the guideline value has increased by 212%. The register does not have figures for the revisions in 2002 and 2003 for this street.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a guideline value for 2024, ranging from Rs 2,200 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 of Thillai Ganga Nagar 1st Street.

• Thillai Ganga Nagar 18th Street: Rs 3,900 per sq.ft (2024)
• 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 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 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 amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. Please note that the 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 detailed calculations.

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 Palavanthangal

The guideline value is an essential factor in the registration process when buying or selling property in Palavanthangal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

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 much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,250 per sq.ft to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212%.

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

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total cost for stamp duty and registration fees would be Rs 3,51,000.

Which Sub Registrar Office should I go to for transactions in Thillai Ganga Nagar 1st Street?

The Alandur Sub Registrar Office is responsible for transactions in 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.