Guideline Value for Thillai Ganga Nagar 41st Street

Thillai Ganga Nagar 41st Street guideline value

The current guideline value for Thillai Ganga Nagar 41st Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 41st Street has changed

The guideline value for Thillai Ganga Nagar 41st Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this value decreased to Rs 2,345 per sq.ft in 2017. Following that, the value rose sharply to Rs 3,500 per sq.ft in 2023, and then to Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 212%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO carrying a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thillai Ganga Nagar 41st Street.

• Thillai Ganga Nagar 40th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 42nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 43rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 44th 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 41st 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 these fees would be Rs 3,51,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thillai Ganga Nagar 41st Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 41st 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 critical factor in property transactions in Adambakkam, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the duty is charged on the sale price; otherwise, it is based on the guideline value.

Frequently asked questions

What is the current guideline value for Thillai Ganga Nagar 41st Street?

The current guideline value for Thillai Ganga Nagar 41st 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 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% over the years.

What are the stamp duty and registration fees for properties here?

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.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 41st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Thillai Ganga Nagar 41st Street?

Thillai Ganga Nagar 41st Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.