Guideline Value for Thillai Ganga Nagar 7th Street

Thillai Ganga Nagar 7th Street guideline value

The current guideline value for Thillai Ganga Nagar 7th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 7th Street has changed

The guideline value for Thillai Ganga Nagar 7th Street has undergone several revisions since 2002. The 2002 revision recorded a value of Rs 489 per sq.ft, which increased to Rs 558 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2007, and further 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 then saw a substantial increase to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. The most notable change occurred between 2007 and 2012, where the value rose by 180%. Overall, from 2002 to 2024, the guideline value has increased by 698%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, making the guideline value of Thillai Ganga Nagar 7th Street equal to this median.

• Thillai Ganga Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 6th main road: Rs 5,000 per sq.ft (2024)
• Thillai Ganga Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 9th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 5th Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 7th 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 amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling 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 7th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 7th 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value serves as a benchmark for the transaction. The authorities will charge the stamp duty based on the higher amount between the guideline value and the actual sale price, ensuring that the correct fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 7th Street?

The current guideline value of Thillai Ganga Nagar 7th 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 significantly from Rs 489 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 698% over this period.

What are the stamp duty and registration fees for property in Thillai Ganga Nagar 7th 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 covers Thillai Ganga Nagar 7th Street?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 7th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Thillai Ganga Nagar 7th Street?

Thillai Ganga Nagar 7th Street is classified as Residential Class I Type - III according to the guideline value register.