Guideline Value for Thillai Ganga Nagar 28th Street

Thillai Ganga Nagar 28th Street guideline value

The current guideline value for Thillai Ganga Nagar 28th 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 28th Street has changed

The guideline value for Thillai Ganga Nagar 28th Street has seen several revisions over the years. The 2002 revision recorded a value of Rs 499 per sq.ft, which increased to Rs 569 per sq.ft in 2003, marking a 14% rise. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2007, reflecting a 120% increase. The 2012 revision saw a decrease to Rs 3,500 per sq.ft, a drop of 33%. The value then increased to Rs 2,345 per sq.ft in 2017, showing a 49% rise, and further increased to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 682%. There are no figures available in the register for the years not mentioned above.

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, with the median value being Rs 3,900 per sq.ft. Thillai Ganga Nagar 28th Street's 2024 figure aligns with this median.

• Thillai Ganga Nagar 27th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 26th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil): Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 25th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 2nd Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 28th 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 28th Street?

The Sub Registrar Office covering Thillai Ganga Nagar 28th 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 additional details.

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

The guideline value is a crucial factor during property registration in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the transaction process.

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 property ownership. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 28th Street?

The current guideline value of Thillai Ganga Nagar 28th 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 499 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 682% over the years.

What is the stamp duty for property in Thillai Ganga Nagar 28th Street?

The stamp duty for property in Thillai Ganga Nagar 28th Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Thillai Ganga Nagar 28th Street?

The Alandur Sub Registrar Office handles the registration for Thillai Ganga Nagar 28th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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

Other streets in Adambakkam with the same guideline value of Rs 3,900 per sq.ft include Thillai Ganga Nagar 27th Street, Thillai Ganga Nagar 29th Street, Thillai Ganga Nagar 26th Street, Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil), and Thillai Ganga Nagar 25th Street.