Guideline Value for Thillai Ganga Nagar 9th Street

Thillai Ganga Nagar 9th Street guideline value

The current guideline value of Thillai Ganga Nagar 9th 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 9th Street has changed

The guideline value for Thillai Ganga Nagar 9th Street has seen significant changes over the years. In 2002, the guideline value was Rs 397 per sq.ft, which increased to Rs 453 per sq.ft in 2003. From 2003 to 2007, there was a substantial increase of 176%, bringing the value to Rs 1,250 per sq.ft. The value then rose by 180% to reach Rs 3,500 per sq.ft in 2012. However, it decreased by 33% to Rs 2,345 per sq.ft in 2017. The value saw a notable increase of 49% to Rs 3,500 per sq.ft in 2023, and finally, it increased by 11% to Rs 3,900 per sq.ft in 2024.

There are no figures available for the revisions between 2002 and 2002, 2003 and 2007, 2012 and 2017, and 2017 and 2023. Overall, from 2002 to 2024, the guideline value has increased by 882%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which matches the 2024 figure for Thillai Ganga Nagar 9th Street.

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

Stamp duty and registration fee for property in Thillai Ganga Nagar 9th 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, 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillai Ganga Nagar 9th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 9th 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

When buying or selling property in Adambakkam, the guideline value is an essential factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 9th Street?

The current guideline value of Thillai Ganga Nagar 9th 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 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 882% over the years.

What are the stamp duty and registration fees for property in Thillai Ganga Nagar 9th Street?

For a 1,000 sq.ft plot at the current guideline value, 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 9th Street?

The Alandur Sub Registrar Office covers Thillai Ganga Nagar 9th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Thillai Ganga Nagar 9th Street?

Thillai Ganga Nagar 9th Street is classified as Residential Class I Type - III, indicating its designation for residential purposes.