Guideline Value for Thillai Ganga Nagar 29th Street

Thillai Ganga Nagar 29th Street guideline value

The current guideline value of Thillai Ganga Nagar 29th 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 29th Street has changed

The guideline value for Thillai Ganga Nagar 29th Street has seen several revisions over the years. The earliest recorded value in 2002 was Rs 377 per sq.ft, which increased to Rs 430 per sq.ft in 2003, marking a 14% rise. In 2007, the value surged to Rs 1,250 per sq.ft, reflecting a significant increase of 191%. The 2012 revision maintained the value at Rs 3,500 per sq.ft, a decrease of 33% from the previous figure. This was followed by a rise to Rs 2,345 per sq.ft in 2017, which was a 49% increase. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, before the current figure of Rs 3,900 per sq.ft was established in 2024, representing an 11% increase.

There are no figures available for the revisions in years other than those mentioned. Overall, the guideline value has increased by 934% from 2002 to 2024.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with 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 29th Street.

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

Stamp duty and registration fee for property in Thillai Ganga Nagar 29th 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 29th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 29th 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 during the registration of property transactions in Adambakkam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

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

The current guideline value of Thillai Ganga Nagar 29th 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 377 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 934%.

What is the land classification for Thillai Ganga Nagar 29th Street?

Thillai Ganga Nagar 29th Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft property, the total guideline value would be Rs 39,00,000, with stamp duty at 7% amounting to Rs 2,73,000 and a registration fee at 2% totaling Rs 78,000, leading to a total of Rs 3,51,000.

Where is the Sub Registrar Office for Thillai Ganga Nagar 29th Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.