Guideline Value for Thirumalai Naicken Street

Thirumalai Naicken Street guideline value

The current guideline value of Thirumalai Naicken 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 Thirumalai Naicken Street has changed

The guideline value for Thirumalai Naicken Street has seen significant changes over the years. In 2002, the value was Rs 226 per sq.ft, which increased to Rs 258 per sq.ft in 2003. Following that, the value rose dramatically to Rs 900 per sq.ft in 2007, then to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017 before climbing again to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 saw the guideline value rise to Rs 3,900 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The value jumped by 11% from 2023 to 2024. The most significant increase occurred between 2007 and 2012, with a rise of 289%. Overall, from 2002 to 2024, the guideline value has increased by 1,626%.

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 equal to the 2024 figure for Thirumalai Naicken Street.

• Thillai Ganga Nagar 9th Street: Rs 3,900 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Thirumalai Naicken 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 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 further assistance.

Which Sub Registrar Office covers Thirumalai Naicken Street?

The Sub Registrar Office that covers Thirumalai Naicken Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thirumalai Naicken Street?

The current guideline value of Thirumalai Naicken 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 226 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1,626% over this period.

What is the land classification for Thirumalai Naicken Street?

The land classification for Thirumalai Naicken Street is Residential Class I Type - III.

What are the stamp duty and registration fees for a property on this street?

For a property valued at 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.

Where is the Sub Registrar Office located for Thirumalai Naicken Street?

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