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 Palavanthangal village, under the Alandur SRO, and falls under the Residential Class I Type - III land classification.

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

Over the years, the guideline value of Thillai Ganga Nagar 4th Street has experienced several revisions. The 2007 revision set the guideline value at Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The 2023 revision saw the value increase to Rs 3,500 per sq.ft, and the most recent 2024 revision has set it at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 guideline value, there has been an impressive increase of 212%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Thillai Ganga Nagar 4th Street.

• Thillai ganga Nagar 5th Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd 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 amounts to Rs 39,00,000. The stamp duty, charged at 7%, would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration would be 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thillai Ganga Nagar 4th Street?

The Thillai Ganga Nagar 4th Street is covered by 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 Palavanthangal

The guideline value is a crucial factor during property transactions in Palavanthangal. It serves as a benchmark for determining the minimum value at which properties can be registered. 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 is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

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 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%.

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

The stamp duty is charged at 7% and the registration fee at 2% on the guideline value or sale price, whichever is higher.

Which office handles the registration for Thillai Ganga Nagar 4th Street?

The Alandur Sub Registrar Office handles the registration for Thillai Ganga Nagar 4th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Are there other streets in Palavanthangal with similar guideline values?

Yes, there are several other streets in Palavanthangal with guideline values of Rs 3,900 per sq.ft, including Thillai Ganga Nagar 5th Street, 6th Street, 7th Street, and 8th Street.