Guideline Value for Thillai Ganga Nagar 27th Street

Thillai Ganga Nagar 27th Street guideline value

The current guideline value of Thillai Ganga Nagar 27th 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Thillai Ganga Nagar 27th Street has changed

The guideline value for Thillai Ganga Nagar 27th Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 369 per sq.ft. This value increased to Rs 421 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,250 per sq.ft in 2007, and it further increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The guideline value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024.

Between these revisions, the changes in guideline value were notable. From 2017 to 2023, there was a 49% increase, while the jump from 2007 to 2012 saw a 180% rise. Conversely, the period from 2012 to 2017 experienced a decline of 33%. Overall, from 2002 to 2024, the guideline value has increased by 957%.

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 for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thillai Ganga Nagar 27th Street.

• Thillai Ganga Nagar 26th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 28th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 25th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 24th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 27th 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 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 27th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 27th 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 plays a crucial role in the registration process of property transactions 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.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 27th Street?

The current guideline value of Thillai Ganga Nagar 27th 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 several times, with the most recent increase being from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024.

What is the land classification for Thillai Ganga Nagar 27th Street?

Thillai Ganga Nagar 27th Street falls under the Residential Class I Type - III land classification.

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 Thillai Ganga Nagar 27th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the stamp duty would be Rs 2,73,000 based on the current guideline value.