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 Palavanthangal village and falls under the Alandur SRO. The land classification for this area is 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 undergone several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a growth of 180%. However, the value decreased to Rs 2,345 per sq.ft in 2017, reflecting a drop of 33%. The value then rose sharply to Rs 3,500 per sq.ft in 2023, and further increased to Rs 3,900 per sq.ft in the 2024 revision, which is an 11% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 212%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

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 9th street.

• Thillai Ganga Nagar 8th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar First Main Road: Rs 5,000 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 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 fees together to Rs 3,51,000. It is important to note that the 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 9th street?

The Thillai Ganga Nagar 9th street is covered by 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 a crucial factor during the registration of property transactions in Palavanthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property, while sellers should consider it when setting their asking price.

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 significantly from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212%.

What is the stamp duty rate for properties in Thillai Ganga Nagar 9th street?

The stamp duty rate for properties in Thillai Ganga Nagar 9th street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Palavanthangal with similar guideline values?

Other streets in Palavanthangal with similar guideline values include Thillai Ganga Nagar 8th Street, 7th Street, and 6th Street, all at Rs 3,900 per sq.ft in 2024.