Guideline Value for Thillai Ganga Nagar 20th Street

Thillai Ganga Nagar 20th Street guideline value

The current guideline value of Thillai Ganga Nagar 20th 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 20th Street has changed

The guideline value for Thillai Ganga Nagar 20th Street has seen significant changes over the years. In the 2002 revision, the value was Rs 368 per sq.ft, which increased to Rs 420 per sq.ft in 2003. Following this, the value rose dramatically to Rs 1,250 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,500 per sq.ft, and as of the latest 2024 revision, it stands at Rs 3,900 per sq.ft.

Between the revisions, the changes were notable. From 2002 to 2024, the overall increase is +960%. The value increased by +14% from 2002 to 2003, followed by a +198% rise from 2003 to 2007. The value increased by +180% from 2007 to 2012, but then it decreased by -33% from 2012 to 2017. The value increased by +49% from 2017 to 2023, and finally, there was an increase of +11% from 2023 to 2024.

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 is Rs 3,900 per sq.ft, which is equal to the guideline value of Thillai Ganga Nagar 20th Street.

• Thillai Ganga Nagar 21st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 22nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 1st Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 23rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 19th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 20th 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 to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 20th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 20th 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. It is used to determine the minimum value at which a property can be registered. When buying or selling a property, the guideline value helps establish the baseline for stamp duty and registration fees, which are calculated based on this value.

During the registration process, it is essential to ensure that the sale price is not lower than the guideline value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 20th Street?

The current guideline value of Thillai Ganga Nagar 20th 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 368 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of +960%.

What is the land classification for Thillai Ganga Nagar 20th Street?

Thillai Ganga Nagar 20th Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the total 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 this street?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 20th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.