Guideline Value for Thillai Ganga Nagar 38th Street

Thillai Ganga Nagar 38th Street guideline value

The current guideline value of Thillai Ganga Nagar 38th 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 38th Street has changed

The guideline value for Thillai Ganga Nagar 38th Street has undergone several revisions since 2002. The register shows the following figures: in 2002, the value was Rs 472 per sq.ft, which increased to Rs 538 per sq.ft in 2003. There was a significant rise to Rs 1,250 per sq.ft in 2007, followed by a drop to Rs 3,500 per sq.ft in 2012. The value then decreased to Rs 2,345 per sq.ft in 2017, before reaching Rs 3,500 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 3,900 per sq.ft.

Between the revisions, the changes were as follows: from 2002 to 2003, there was an increase of 14%. The value further rose by 132% from 2003 to 2007. However, there was a decrease of 33% from 2012 to 2017. The value increased significantly by 180% from 2007 to 2012, and then it rose by 49% from 2017 to 2023. The overall change from 2002 to 2024 is an increase of 726%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have 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 the same as the guideline value for Thillai Ganga Nagar 38th Street.

• Thillai Ganga Nagar 37th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 39th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 35th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 38th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 38th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 38th 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 is a crucial factor during property registration in Adambakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is set by the Registration Department and reflects the minimum value at which properties can be registered.

When selling a property, the guideline value ensures that the transaction is recorded accurately, preventing undervaluation. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 38th Street?

The current guideline value of Thillai Ganga Nagar 38th 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 472 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 726% over the years.

What is the registration office for Thillai Ganga Nagar 38th Street?

The registration office for Thillai Ganga Nagar 38th 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 a property in Thillai Ganga Nagar 38th 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 value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet) or through the local Sub Registrar Office.