Guideline Value for Thillai Ganga Nagar 32nd Street

Thillai Ganga Nagar 32nd Street guideline value

The current guideline value of Thillai Ganga Nagar 32nd 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 32nd Street has changed

The guideline value for Thillai Ganga Nagar 32nd Street has seen significant changes over the years. In 2002, the value was Rs 472 per sq.ft, which increased to Rs 538 per sq.ft in 2003. The value then rose sharply to Rs 1,250 per sq.ft in 2007, marking a 132% increase from the previous revision. By 2012, the guideline value was Rs 3,500 per sq.ft, reflecting a 180% increase from 2007. However, it decreased by 33% to Rs 2,345 per sq.ft in 2017.

In 2023, the value increased to Rs 3,500 per sq.ft, and the latest revision in 2024 set the guideline 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 risen by 726%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Thillai Ganga Nagar 32nd Street.

• Thillai Ganga Nagar 31st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 33rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 30th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 34th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 35th 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 32nd 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 to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 32nd Street?

The Thillai Ganga Nagar 32nd Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 32nd Street?

The current guideline value of Thillai Ganga Nagar 32nd 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 472 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 726%.

Where can I find the registration office for Thillai Ganga Nagar 32nd Street?

The registration office for Thillai Ganga Nagar 32nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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

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

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions, ensuring that it reflects the current value of properties in the area.