Guideline Value for Thillai Ganga Nagar 34th Street

Thillai Ganga Nagar 34th Street guideline value

The current guideline value of Thillai Ganga Nagar 34th 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 34th Street has changed

The guideline value for Thillai Ganga Nagar 34th Street has seen several revisions over the years. In 2002, the guideline value was Rs 439 per sq.ft, which increased to Rs 501 per sq.ft in 2003, marking a 14% rise. The value further increased to Rs 1,250 per sq.ft in 2007, reflecting a significant growth of 150%.

In 2012, the guideline value was Rs 3,500 per sq.ft, but it decreased by 33% to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set the 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 increased by 788%.

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 aligns with the 2024 figure for Thillai Ganga Nagar 34th Street.

• Thillai Ganga Nagar 31st 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 34th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 35th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 37th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 34th 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, totaling 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 34th Street?

The Thillai Ganga Nagar 34th Street falls under the jurisdiction of 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 reference for property transactions in Adambakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property, ensuring that these costs are calculated based on the established rates.

When registering a property, buyers must pay the stamp duty on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 34th Street?

The current guideline value of Thillai Ganga Nagar 34th 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 439 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 788% over this period.

What is the land classification for Thillai Ganga Nagar 34th Street?

Thillai Ganga Nagar 34th Street is classified as Residential Class I Type - III.

Where is the Alandur Sub Registrar Office located?

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

How do I calculate the stamp duty for a property in Thillai Ganga Nagar 34th Street?

To calculate the stamp duty for a property, you can use the guideline value and apply the relevant rates. For example, for a 1,000 sq.ft plot at Rs 3,900 per sq.ft, the total guideline value is Rs 39,00,000, and the stamp duty would be calculated based on this amount.