Guideline Value for Thillai Ganga Nagar 35th Street

Thillai Ganga Nagar 35th Street guideline value

The current guideline value of Thillai Ganga Nagar 35th 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 35th Street has changed

The guideline value for Thillai Ganga Nagar 35th Street has seen significant changes over the years. The earliest recorded figure is from 2002, where the value was Rs 472 per sq.ft. This increased to Rs 538 per sq.ft in 2003, marking a 14% rise. By 2007, the value jumped to Rs 1,250 per sq.ft, reflecting a substantial increase of 132%. The 2012 revision saw the value rise to Rs 3,500 per sq.ft, an increase of 180% from 2007. However, there was a decrease to Rs 2,345 per sq.ft in 2017, a drop of 33%. The 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 is an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 726%. The register has no figure for the years not listed in the revisions.

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 equal to the guideline value of Thillai Ganga Nagar 35th Street.

• Thillai Ganga Nagar 34th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 33rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 37th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 32nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 38th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 35th 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 the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 35th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 35th 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 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 the benchmark for determining the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue based on the property's value.

When a buyer or seller approaches the registration office, the guideline value is referred to in order to calculate the necessary fees. It is essential for both parties to be aware of this value, as it can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 35th Street?

The current guideline value of Thillai Ganga Nagar 35th 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% over this period.

What is the land classification for Thillai Ganga Nagar 35th Street?

Thillai Ganga Nagar 35th Street is classified as Residential Class I Type - III.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 39,00,000, the total fees would amount to Rs 3,51,000.

Where is the Sub Registrar Office for Thillai Ganga Nagar 35th Street located?

The Sub Registrar Office for Thillai Ganga Nagar 35th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.