Guideline Value for Thillai Ganga Nagar 23rd street Extension

Thillai Ganga Nagar 23rd street Extension guideline value

The current guideline value of Thillai Ganga Nagar 23rd street Extension is Rs 3,900 per sq.ft, effective from 1 July 2024. This property 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 23rd street Extension has changed

The guideline value for Thillai Ganga Nagar 23rd street Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an increase from Rs 3,500 per sq.ft in 2023, representing an 11% rise. Prior to that, the value was Rs 2,345 per sq.ft in 2017, marking a significant increase of 49% over the six-year period. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 11% in the guideline value.

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 matches the 2024 guideline value for Thillai Ganga Nagar 23rd street Extension.

• Thillai Ganga Nagar 21st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 22nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 23rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 24th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 25th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 26th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 23rd street Extension

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 fees 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 more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 23rd street Extension?

The Thillai Ganga Nagar 23rd street Extension 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 information.

How the guideline value is used when you buy or sell in Adambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the current guideline value is essential for both buyers and sellers to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 23rd street Extension?

The current guideline value of Thillai Ganga Nagar 23rd street Extension 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 from Rs 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, with various revisions occurring in between.

What is the land classification for this area?

The land classification for Thillai Ganga Nagar 23rd street Extension is Residential Class I Type - III.

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.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty would be calculated at 7% of that amount.