Guideline Value for Thillai Ganga Nagar 33rd Street

Thillai Ganga Nagar 33rd Street guideline value

The current guideline value of Thillai Ganga Nagar 33rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 33rd Street has changed

Over the years, the guideline value for Thillai Ganga Nagar 33rd Street has undergone several revisions. The earliest recorded figure is from 2002, where the guideline value was Rs 429 per sq.ft. By 2003, it increased to Rs 489 per sq.ft, marking a 14% rise. The value saw a significant jump to Rs 1,250 per sq.ft in 2007, which was an increase of 156%. In 2012, the figure remained at Rs 3,500 per sq.ft, but then it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, followed by the current value of Rs 3,900 per sq.ft in 2024, which represents an 11% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 809%.

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 guideline value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Thillai Ganga Nagar 33rd Street.

• Thillai Ganga Nagar 32nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 34th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 31st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 35th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 30th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 33rd 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. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. It is important to note that 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 33rd Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 33rd 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 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 transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher amount between the guideline value and the sale price, which helps in maintaining the integrity of property transactions in the region.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 33rd Street?

The current guideline value of Thillai Ganga Nagar 33rd 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 from Rs 429 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 809% over the years.

What are the stamp duty and registration fees for property in Thillai Ganga Nagar 33rd Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Thillai Ganga Nagar 33rd Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, covers Thillai Ganga Nagar 33rd Street.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and to calculate the applicable stamp duty and registration fees based on the higher amount between the guideline value and the sale price.