Guideline Value for Thungapathira Street(GANGA NAGAR)

Thungapathira Street(GANGA NAGAR) guideline value

The current guideline value of Thungapathira Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thungapathira Street(GANGA NAGAR) has changed

The guideline value for Thungapathira Street(GANGA NAGAR) has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value decreased to Rs 2,010 per sq.ft in 2017. The following revision in 2023 brought the value back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 was particularly dramatic, with a 362% increase. Overall, from 2007 to 2024, the guideline value has risen by 408%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 3,300 per sq.ft. Thungapathira Street(GANGA NAGAR) aligns with this median value.

• Vaigai Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Thamirabarani Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 3,300 per sq.ft (2024)
• Yamunai Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)
• Yerikkarai Street: Rs 3,300 per sq.ft (2024)
• Sindhu Street(GANGA NAGAR): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thungapathira Street(GANGA NAGAR)

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thungapathira Street(GANGA NAGAR)?

The Sub Registrar Office that covers Thungapathira Street(GANGA NAGAR) 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 Moovarasampattu

The guideline value plays a crucial role during property transactions in Moovarasampattu. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When purchasing or selling property, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This ensures that the government receives the appropriate revenue from property sales and helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Thungapathira Street(GANGA NAGAR)?

The current guideline value of Thungapathira Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 408% over the years.

What are the stamp duty rates for properties in Thungapathira Street(GANGA NAGAR)?

The stamp duty rate for properties in Thungapathira Street(GANGA NAGAR) is 7% of the guideline value or 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 is the land classification for Thungapathira Street(GANGA NAGAR)?

The land classification for Thungapathira Street(GANGA NAGAR) is Residential Class I Type - I.