Guideline Value for Thillai Ganga Nagar 39th Street

Thillai Ganga Nagar 39th Street guideline value

The current guideline value of Thillai Ganga Nagar 39th 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 39th Street has changed

The guideline value for Thillai Ganga Nagar 39th Street has seen several revisions over the years. In 2002, the guideline value was Rs 429 per sq.ft, which increased to Rs 489 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 1,250 per sq.ft in 2007, reflecting an increase of +156%. By 2012, the value was Rs 3,500 per sq.ft, showing a substantial growth of +180% from the previous revision. However, it then decreased to Rs 2,345 per sq.ft in 2017, indicating a decline of -33%.

In the subsequent revisions, the guideline value increased to Rs 3,500 per sq.ft in 2023, representing a rise of +49%. The latest revision in 2024 has set the guideline value at Rs 3,900 per sq.ft, which is an increase of +11% from the previous year. There are no figures available for any other revisions for this street in the register.

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 current value of Thillai Ganga Nagar 39th Street.

• Thillai Ganga Nagar 38th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 37th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 35th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 39th 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, bringing the total to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 39th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 39th 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 in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the official value assigned to the property.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 39th Street?

The current guideline value of Thillai Ganga Nagar 39th 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% across the revisions.

What is the land classification for Thillai Ganga Nagar 39th Street?

The land classification for Thillai Ganga Nagar 39th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for a property in Thillai Ganga Nagar 39th Street?

For a 1,000 sq.ft property, the total guideline value is Rs 39,00,000, leading to a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Thillai Ganga Nagar 39th Street?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, handles the registration for Thillai Ganga Nagar 39th Street.