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Guideline Value

Corporate

Guideline Value for Thillai Ganga Nagar 5th Main Road

₹5000/sq.ft.

The guideline value for Thillai Ganga Nagar 5th Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹578 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹507 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thillai Ganga Nagar 5th Main Road

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Thillai Ganga Nagar 5th Main Road guideline value

The current guideline value of Thillai Ganga Nagar 5th Main Road is Rs 5,000 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 - I.

How the guideline value of Thillai Ganga Nagar 5th Main Road has changed

The guideline value for Thillai Ganga Nagar 5th Main Road has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 507 per sq.ft. This figure increased to Rs 578 per sq.ft in 2003, marking a change of +14%. The value then saw a significant rise to Rs 1,250 per sq.ft in 2007, an increase of +116%. However, from 2007 to 2012, the guideline value decreased to Rs 4,500 per sq.ft, reflecting a decline of -33%. The value remained the same in the 2012 revision, but it jumped to Rs 3,015 per sq.ft in 2017, an increase of +260%. The most recent revisions show an increase to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 5,000 per sq.ft in 2024, which is an increase of +11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +886%. There are no figures available for any other years for this street in the register.

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 guideline value for these streets is Rs 3,900 per sq.ft, making the current value of Thillai Ganga Nagar 5th Main Road above this median.

Stamp duty and registration fee for property in Thillai Ganga Nagar 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total fees Rs 4,50,000. 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 5th Main Road?

The Sub Registrar Office that covers Thillai Ganga Nagar 5th Main Road 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Adambakkam. It serves as the basis for calculating the stamp duty and registration fees that are required to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value recognized by the government, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 5th Main Road?

The current guideline value of Thillai Ganga Nagar 5th Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 507 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of +886% over the years.

What is the median guideline value in Adambakkam?

The median guideline value for streets in Adambakkam is Rs 3,900 per sq.ft, which is lower than the current value of Thillai Ganga Nagar 5th Main Road.

What are the stamp duty and registration fees for property in Thillai Ganga Nagar 5th Main Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles the registration for Thillai Ganga Nagar 5th Main Road?

The Alandur Sub Registrar Office handles the registration for Thillai Ganga Nagar 5th Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.