Guideline Value for Thillai Ganga Nagar 26th Street

Thillai Ganga Nagar 26th Street guideline value

The current guideline value of Thillai Ganga Nagar 26th 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 26th Street has changed

The guideline value for Thillai Ganga Nagar 26th Street has experienced several revisions over the years. In 2002, the guideline value was Rs 368 per sq.ft. This increased to Rs 420 per sq.ft in 2003, marking a 14% rise. The value continued to grow significantly, reaching Rs 1,250 per sq.ft in 2007, which was an increase of 198%. The 2012 revision saw the value at Rs 3,500 per sq.ft, reflecting a substantial increase of 180% from the previous figure. However, in 2017, the value dropped to Rs 2,345 per sq.ft, resulting in a decrease of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 3,900 per sq.ft, indicating an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 960%. There are no figures available for 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 value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thillai Ganga Nagar 26th Street.

• Thillai Ganga Nagar 25th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 27th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 24th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 28th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 23rd street Extension: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 26th 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, totaling 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thillai Ganga Nagar 26th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 26th 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 details.

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 stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a benchmark for the minimum price at which properties can be registered.

When selling property, the guideline value can influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 26th Street?

The current guideline value of Thillai Ganga Nagar 26th 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 increased from Rs 368 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting a total increase of 960% over the years.

What is the land classification for Thillai Ganga Nagar 26th Street?

Thillai Ganga Nagar 26th Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Thillai Ganga Nagar 26th Street?

The Sub Registrar Office for Thillai Ganga Nagar 26th Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 39,00,000, the total stamp duty and registration fees would be Rs 3,51,000.