Guideline Value for Thillai Ganga Nagar 25th Street

Thillai Ganga Nagar 25th Street guideline value

The current guideline value of Thillai Ganga Nagar 25th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 25th Street has changed

The guideline value for Thillai Ganga Nagar 25th Street has seen significant changes over the years. In 2002, the guideline value was Rs 463 per sq.ft, which increased to Rs 528 per sq.ft in 2003. The value then rose to Rs 1,250 per sq.ft in 2007, marking a substantial increase of 137%. By 2012, the value was recorded at Rs 3,500 per sq.ft, reflecting a remarkable growth of 180% from the previous revision. However, it then decreased by 33% to Rs 2,345 per sq.ft in 2017.

In 2023, the guideline value increased to Rs 3,500 per sq.ft, and in 2024, it further rose to Rs 3,900 per sq.ft, which is an increase of 11%. Overall, from 2002 to 2024, the guideline value has increased by 742% 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 equal to the current figure for Thillai Ganga Nagar 25th Street.

• Thillai Ganga Nagar 24th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 26th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 23rd street Extension: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 27th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 23rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 28th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 25th 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, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 25th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 25th 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 plays a crucial role when buying or selling property in Adambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is properly documented and legally recognized.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 25th Street?

The current guideline value of Thillai Ganga Nagar 25th 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 463 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 742% over this period.

What is the land classification for Thillai Ganga Nagar 25th Street?

The land classification for Thillai Ganga Nagar 25th Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Thillai Ganga Nagar 25th Street?

The Sub Registrar Office for Thillai Ganga Nagar 25th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thillai Ganga Nagar 25th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at a rate of 7%.