Guideline Value for Thillai Ganga Nagar 5th Street

Thillai Ganga Nagar 5th Street guideline value

The current guideline value of Thillai Ganga Nagar 5th 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 is classified as Residential Class I Type - III.

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

The guideline value for Thillai Ganga Nagar 5th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 180% rise. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The following revision in 2023 set the value at Rs 3,500 per sq.ft, which then increased to Rs 3,900 per sq.ft in the 2024 revision, reflecting an 11% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 212%. Notably, there are no figures available for the years 2002 and 2003 in the register 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 for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Thillai Ganga Nagar 5th Street.

• Thillai ganga Nagar 5th Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th 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 9th street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 5th 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 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 Street?

The Thillai Ganga Nagar 5th Street falls under the jurisdiction of 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 Palavanthangal

The guideline value is a critical factor during property registration in Palavanthangal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Thillai Ganga Nagar 5th 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 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% across the revisions.

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

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers Thillai Ganga Nagar 5th Street?

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

What is the land classification of Thillai Ganga Nagar 5th Street?

Thillai Ganga Nagar 5th Street is classified as Residential Class I Type - III, indicating its suitability for residential development.