Guideline Value for Thillai Ganga nagar 42nd Street

Thillai Ganga nagar 42nd Street guideline value

The current guideline value of Thillai Ganga nagar 42nd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam 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 42nd Street has changed

The guideline value for Thillai Ganga nagar 42nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 2,345 per sq.ft. It then rose to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 3,900 per sq.ft, marking an increase of 11% 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 any figures recorded for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry 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, which is equal to the current guideline value for Thillai Ganga nagar 42nd Street.

• Thillai Ganga Nagar 41st Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 43rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 40th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 44th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 45thStreet: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga nagar 42nd 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 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thillai Ganga nagar 42nd Street?

The Sub Registrar Office that covers Thillai Ganga nagar 42nd 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 additional information.

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

When buying or selling property in Adambakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

The guideline value is set by the government and is regularly revised to reflect changes in the real estate market. Buyers and sellers should be aware of these values as they directly impact the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Thillai Ganga nagar 42nd Street?

The current guideline value of Thillai Ganga nagar 42nd 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, marking an overall increase of 212% over the years.

What is the registration office for Thillai Ganga nagar 42nd Street?

The registration office for Thillai Ganga nagar 42nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at 7%.

What is the land classification for Thillai Ganga nagar 42nd Street?

The land classification for Thillai Ganga nagar 42nd Street is Residential Class I Type - III.