Guideline Value for GIRI STREET

Giri Street guideline value

The current guideline value of Giri Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Giri Street has changed

The guideline value of Giri Street has undergone several revisions over the years. In 2002, the value was Rs 1,017 per sq.ft, which increased to Rs 1,117 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 1,650 per sq.ft, reflecting a substantial increase of 48%. The 2012 revision maintained the value at Rs 5,800 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 5,800 per sq.ft, but in 2024, it rose by 9% to Rs 6,300 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 519%. Notably, there was no figure available for Giri Street in the 2017 revision.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, and Giri Street's 2024 figure is above this median.

• Gill Nagar Extension 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension 1st Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension: Rs 7,100 per sq.ft (2024)
• Gill Nagar 3rd Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar 2nd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Giri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees together to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Giri Street?

The Sub Registrar Office that covers Giri Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the value of the property as per government regulations. This process is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Giri Street?

The current guideline value of Giri Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,017 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 519% over the years.

Are there any revisions without figures for Giri Street?

Yes, there is no figure available for Giri Street in the 2017 revision.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, and Giri Street's value is above this median.

Where can I find the Sub Registrar Office for Giri Street?

The Kodambakkam Sub Registrar Office, which covers Giri Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.