Guideline Value for Thillai Ganga Nagar 24th Street

Thillai Ganga Nagar 24th Street guideline value

The current guideline value of Thillai Ganga Nagar 24th 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 24th Street has changed

The guideline value for Thillai Ganga Nagar 24th Street has seen significant changes over the years. In 2002, the guideline value was Rs 430 per sq.ft. This figure increased to Rs 490 per sq.ft in 2003, marking a 14% rise. By 2007, the value had jumped to Rs 1,250 per sq.ft, reflecting a 155% increase. The value then rose to Rs 3,500 per sq.ft in 2012, which was an increase of 180%. However, it decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in 2024, an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 807%. There are no figures available for the revisions in the years not mentioned in the register for this street.

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 the same as the 2024 figure for Thillai Ganga Nagar 24th Street.

• Thillai Ganga Nagar 23rd street Extension: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 25th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 23rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 26th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 22nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 27th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 24th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to 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 fees to Rs 3,51,000. It is important to note that 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 details.

Which Sub Registrar Office covers Thillai Ganga Nagar 24th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 24th 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 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 transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 24th Street?

The current guideline value of Thillai Ganga Nagar 24th 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 430 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 807% over the years.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam with the same 2024 guideline value of Rs 3,900 per sq.ft include Thillai Ganga Nagar 23rd street Extension, Thillai Ganga Nagar 25th Street, Thillai Ganga Nagar 23rd Street, Thillai Ganga Nagar 26th Street, Thillai Ganga Nagar 22nd Street, and Thillai Ganga Nagar 27th Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find more information about your SRO online.