Guideline Value for Thillai Ganga Nagar 4th Street

Thillai Ganga Nagar 4th Street guideline value

The current guideline value of Thillai Ganga Nagar 4th 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 is classified as Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 4th Street has changed

The guideline value for Thillai Ganga Nagar 4th Street has seen several revisions over the years. Starting from Rs 475 per sq.ft in 2002, it increased to Rs 542 per sq.ft in 2003, marking a rise of 14%. The value then jumped significantly to Rs 1,250 per sq.ft in 2007, reflecting a 131% increase. In 2012, the value saw a slight decline to Rs 3,500 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 2,345 per sq.ft in 2017, followed by a substantial increase to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 721%. The register has no figures for the years not mentioned in the revisions.

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. The guideline value for Thillai Ganga Nagar 4th Street aligns with this median.

• Thillai Ganga Nagar 4th Main road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 48th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 47th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 5th Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga nagar 46th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 5th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 4th 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 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 4th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 4th 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 when registering property transactions in Adambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property, and the registration process is based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 4th Street?

The current guideline value of Thillai Ganga Nagar 4th 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 increased from Rs 475 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 721% over this period.

What is the land classification for Thillai Ganga Nagar 4th Street?

Thillai Ganga Nagar 4th Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in this area?

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.

Where is the Sub Registrar Office for Thillai Ganga Nagar 4th Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.