Guideline Value for Thillai Ganga Nagar 31st Street

Thillai Ganga Nagar 31st Street guideline value

The current guideline value for Thillai Ganga Nagar 31st 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 31st Street has changed

The guideline value for Thillai Ganga Nagar 31st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 429 per sq.ft, which increased to Rs 489 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 1,250 per sq.ft in 2007, representing a 156% increase. Following this, the value rose dramatically to Rs 3,500 per sq.ft in 2012, reflecting a 180% increase. However, it then decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. The value further increased to Rs 3,500 per sq.ft in 2023, and most recently, it has risen to Rs 3,900 per sq.ft in 2024, which is an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 809%. The register has no figure for this street in 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 being Rs 3,900 per sq.ft. Thillai Ganga Nagar 31st Street's 2024 guideline value matches this median.

• Thillai Ganga Nagar 30th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 32nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 33rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 34th 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 31st 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 together to Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 31st Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 31st 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 an essential factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is crucial to note that these fees are charged based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 31st Street?

The current guideline value of Thillai Ganga Nagar 31st 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, increasing from Rs 429 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 809% over these years.

What is the land classification of Thillai Ganga Nagar 31st Street?

Thillai Ganga Nagar 31st Street is classified as Residential Class I Type - III.

Which office handles property registrations for Thillai Ganga Nagar 31st Street?

The Alandur Sub Registrar Office handles property registrations for Thillai Ganga Nagar 31st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,51,000.