Guideline Value for Thillai Ganga Nagar 37th Street

Thillai Ganga Nagar 37th Street guideline value

The current guideline value of Thillai Ganga Nagar 37th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 37th Street has changed

The guideline value for Thillai Ganga Nagar 37th Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 472 per sq.ft. It increased to Rs 538 per sq.ft in 2003, marking a 14% rise. The value saw a significant jump to Rs 1,250 per sq.ft in 2007, which was an increase of 132%. In 2012, the value remained the same at Rs 3,500 per sq.ft, but in 2017, it dropped to Rs 2,345 per sq.ft, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 3,500 per sq.ft, a 49% increase. The most recent revision in 2024 has set the value at Rs 3,900 per sq.ft, which is an 11% increase from the previous year. There are no figures available for the revisions in the years not mentioned in this register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a guideline value for 2024, 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 the same as the current value for Thillai Ganga Nagar 37th Street.

• Thillai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 38th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 35th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 39th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 34th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 37th 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, making the total cost for stamp duty and registration fees Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 37th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 37th 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 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 that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 37th Street?

The current guideline value of Thillai Ganga Nagar 37th 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 multiple times, starting from Rs 472 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 726% since 2002.

What is the role of the Alandur SRO?

The Alandur SRO is responsible for the registration of property transactions in the area, including Thillai Ganga Nagar 37th Street. It ensures that all legal documentation is processed correctly and that the government receives the appropriate fees.

What are the stamp duty and registration fees for a property in Thillai Ganga Nagar 37th Street?

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.

Where can I find more information about the guideline values in Adambakkam?

More information about the guideline values in Adambakkam can be found in the guideline value register maintained by the Registration Department, which provides detailed figures for various streets in the area.