Guideline Value for Thillai Ganga Nagar 2nd Street

Thillai Ganga Nagar 2nd Street guideline value

The current guideline value of Thillai Ganga Nagar 2nd 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 2nd Street has changed

The guideline value for Thillai Ganga Nagar 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 397 per sq.ft. This increased to Rs 453 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 1,250 per sq.ft in 2007, an increase of +176%. Following this, the 2012 revision set the value at Rs 3,500 per sq.ft, which was a notable increase of +180% from the previous revision. However, the value decreased to Rs 2,345 per sq.ft in 2017, reflecting a drop of -33%.

In 2023, the guideline value was revised to Rs 3,500 per sq.ft, and it increased to Rs 3,900 per sq.ft in 2024, which represents a rise of +11%. Overall, from 2002 to 2024, the guideline value has increased by +882%. There are no other revisions with figures listed 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 the same as the current guideline value for Thillai Ganga Nagar 2nd Street.

• Thillai Ganga Nagar 2nd Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street Extension (Anjaneyar Koil): Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 30th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 29th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 31st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 28th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 2nd Street

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, making the total cost for these fees Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 2nd Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 2nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This helps in accurately calculating the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 2nd Street?

The current guideline value of Thillai Ganga Nagar 2nd 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 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +882% over this period.

What is the land classification for Thillai Ganga Nagar 2nd Street?

Thillai Ganga Nagar 2nd Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Thillai Ganga Nagar 2nd Street?

The registration office for Thillai Ganga Nagar 2nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Thillai Ganga Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.