Guideline Value for Thillai Ganga Nagar 7th Street

Thillai Ganga Nagar 7th Street guideline value

The current guideline value of Thillai Ganga Nagar 7th 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 7th Street has changed

Over the years, the guideline value for Thillai Ganga Nagar 7th Street has seen several revisions. The earliest recorded figure in 2007 was Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this value dropped to Rs 2,345 per sq.ft in 2017. The 2023 revision marked a return to Rs 3,500 per sq.ft, followed by the latest increase to Rs 3,900 per sq.ft in 2024, representing an 11% rise from the previous year.

In total, from 2007 to 2024, the guideline value has risen by 212%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current figure for Thillai Ganga Nagar 7th Street.

• 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 9th street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar First Main Road: Rs 5,000 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 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 fees together 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 further calculations, 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 information.

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

The guideline value is an essential factor in property transactions in Palavanthangal. It serves as the minimum value at which properties are registered, ensuring that the transaction is documented accurately for legal purposes.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

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 from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% over this period.

What is the stamp duty for property in Thillai Ganga Nagar 7th Street?

The stamp duty for property in Thillai Ganga Nagar 7th Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000.

Which office handles registrations for Thillai Ganga Nagar 7th Street?

The Alandur Sub Registrar Office handles registrations for 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, indicating its suitability for residential development.