Guideline Value for Thillai Ganga Nagar 6th Street

Thillai Ganga Nagar 6th Street guideline value

The current guideline value for Thillai Ganga Nagar 6th 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 6th Street has changed

The guideline value for Thillai Ganga Nagar 6th 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. The value then rose significantly to Rs 1,250 per sq.ft in 2007, followed by a jump to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value saw a substantial increase to Rs 3,500 per sq.ft in 2023, and finally, it has reached Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 721%. The register has no figure for this street for the years not listed in the revisions.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO, with the 2024 guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the current guideline value for Thillai Ganga Nagar 6th Street.

• Thillai Ganga Nagar 6th main road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 5th Main Road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 6th 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 6th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 6th 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 of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions reflect a fair valuation according to government standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thillai Ganga Nagar 6th Street?

The current guideline value for Thillai Ganga Nagar 6th 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 475 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 721% over this period.

What are the stamp duty and registration fees for properties in Thillai Ganga Nagar 6th Street?

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.

Which Sub Registrar Office is responsible for Thillai Ganga Nagar 6th Street?

The Alandur Sub Registrar Office is responsible for Thillai Ganga Nagar 6th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Thillai Ganga Nagar 6th Street?

Thillai Ganga Nagar 6th Street is classified as Residential Class I Type - III under the guideline value register.