Guideline Value for Thillai Ganga Nagar 47th Street

Thillai Ganga Nagar 47th Street guideline value

The current guideline value of Thillai Ganga Nagar 47th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 47th Street has changed

The guideline value for Thillai Ganga Nagar 47th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision then raised the value to Rs 3,500 per sq.ft, followed by the current 2024 revision which set it at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 212%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 value among these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Thillai Ganga Nagar 47th Street.

• Thillai Ganga nagar 46th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 48th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 45th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th Main road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 44th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 47th 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 guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 47th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 47th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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 at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not lower than the guideline value to avoid any legal issues. The registration office will use the guideline value to assess the applicable fees, ensuring that all transactions are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 47th Street?

The current guideline value of Thillai Ganga Nagar 47th 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, marking an overall increase of 212% over the years.

What are the registration fees based on the guideline value?

The registration fees are based on the guideline value or the sale price, whichever is higher. For a plot valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000.

Which office handles the registration for Thillai Ganga Nagar 47th Street?

The Alandur Sub Registrar Office handles the registration for Thillai Ganga Nagar 47th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Thillai Ganga Nagar 47th Street?

The land classification for Thillai Ganga Nagar 47th Street is Residential Class I Type - III.