Guideline Value for Thillai Ganga Nagar 45thStreet

Thillai Ganga Nagar 45thStreet guideline value

The current guideline value of Thillai Ganga Nagar 45th 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 45thStreet has changed

The guideline value for Thillai Ganga Nagar 45th Street has seen 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 figure dropped to Rs 2,345 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 3,500 per sq.ft, and the latest revision in 2024 further increased it to Rs 3,900 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2023 to 2024, the guideline value increased by 11%. Between 2017 and 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%, while the value jumped by 180% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 212%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current value of Thillai Ganga Nagar 45th Street.

• Thillai Ganga Nagar 44th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga nagar 46th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 43rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 47th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga nagar 42nd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 48th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 45thStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the guideline value totals 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 45thStreet?

The Thillai Ganga Nagar 45th Street falls under the jurisdiction of 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 details.

How the guideline value is used when you buy or sell in Adambakkam

The guideline value is a crucial factor during property transactions in Adambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 45thStreet?

The current guideline value of Thillai Ganga Nagar 45th 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. Notable changes include a drop to Rs 2,345 per sq.ft in 2017 and an increase to Rs 3,500 per sq.ft in 2023.

What is the land classification for Thillai Ganga Nagar 45thStreet?

Thillai Ganga Nagar 45th Street is classified as Residential Class I Type - III.

Where can I find the registration office for Thillai Ganga Nagar 45thStreet?

The registration office for Thillai Ganga Nagar 45th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Thillai Ganga Nagar 45thStreet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at a rate of 7%.