Guideline Value for Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil)

Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil) guideline value

The current guideline value of Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil) is Rs 3,900 per sq.ft, effective from 1 July 2024. This property is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil) has changed

The guideline value for Thillai Ganga Nagar 29th Street Extension has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. However, the value increased significantly in the 2023 revision to Rs 3,500 per sq.ft, and further rose to Rs 3,900 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 11%.

In the period from 2017 to 2023, the increase was notable at 49%, while the 2012 to 2017 period experienced a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

Adambakkam has a total of 569 streets under the Alandur SRO, with the 2024 guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value for Thillai Ganga Nagar 29th Street Extension.

• Thillai Ganga Nagar 29th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 2nd Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 28th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 27th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 26th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil)

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 together 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil)?

The Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil) falls under the jurisdiction of 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 critical component in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, and it helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 29th Street Extension?

The current guideline value of Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, an increase of 11%. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for this area?

Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil) is classified as Residential Class I Type - III under the Alandur SRO.

What are the registration fees based on the guideline value?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%, and the registration fee would be Rs 78,000 at 2%, totaling Rs 3,51,000.

Which Sub Registrar Office should I visit for transactions in this area?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil), located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.