Guideline Value for Thillai Ganga nagar 46th Street

Thillai Ganga nagar 46th Street guideline value

The current guideline value of Thillai Ganga nagar 46th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thillai Ganga nagar 46th Street has changed

The guideline value for Thillai Ganga nagar 46th Street has undergone several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this figure saw a decrease to Rs 2,345 per sq.ft in 2017. Following that, the value rose to Rs 3,500 per sq.ft in 2023, and then further increased to the current rate of Rs 3,900 per sq.ft in 2024.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. The changes between revisions include an increase of 180% from 2007 to 2012, a decrease of 33% from 2012 to 2017, an increase of 49% from 2017 to 2023, and an increase of 11% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 212%.

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 for these streets is Rs 3,900 per sq.ft, which is the same as the current guideline value for Thillai Ganga nagar 46th Street.

• Thillai Ganga Nagar 45th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 47th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 44th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 48th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 43rd Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 4th Main road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga nagar 46th 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, making the total fees Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga nagar 46th Street?

The Sub Registrar Office that covers Thillai Ganga nagar 46th 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 an essential factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that properties are not sold below a certain threshold.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thillai Ganga nagar 46th Street?

The current guideline value of Thillai Ganga nagar 46th 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, showing an overall increase of 212% over the years.

What is the land classification for Thillai Ganga nagar 46th Street?

The land classification for Thillai Ganga nagar 46th Street is Residential Class I Type - III.

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.

How is stamp duty calculated for properties in Thillai Ganga nagar 46th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 39,00,000, the stamp duty would amount to Rs 2,73,000.