Guideline Value for Thillai Ganga Nagar 48th Street

Thillai Ganga Nagar 48th Street guideline value

The current guideline value for Thillai Ganga Nagar 48th 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Thillai Ganga Nagar 48th Street has changed

The guideline value for Thillai Ganga Nagar 48th Street has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, the value dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase to the current value of Rs 3,900 per sq.ft in 2024, reflecting an 11% increase.

There are no recorded figures for this street in the years 2002 and 2003. 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 that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft, with the median being Rs 3,900 per sq.ft. Thillai Ganga Nagar 48th Street's 2024 figure is equal to this median.

• Thillai Ganga Nagar 47th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th Main road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 46th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 45th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 44th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 48th 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, 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 48th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 48th 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 an essential factor in the registration process for property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is crucial for buyers to be aware of these values to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 48th Street?

The current guideline value of Thillai Ganga Nagar 48th 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 other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam, such as Thillai Ganga Nagar 47th Street, 46th Street, and 4th Street, also have a guideline value of Rs 3,900 per sq.ft in 2024.

What is the stamp duty for property in Thillai Ganga Nagar 48th Street?

The stamp duty for a property valued at Rs 39,00,000 in Thillai Ganga Nagar 48th Street would be Rs 2,73,000, calculated at 7% of the guideline value.

Where can I find the Sub Registrar Office for Thillai Ganga Nagar 48th Street?

The Sub Registrar Office for Thillai Ganga Nagar 48th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.