Guideline Value for GIRIAPPA ROAD

Giriappa Road guideline value

The current guideline value of Giriappa Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Giriappa Road has changed

The guideline value for Giriappa Road has seen several revisions over the years. In 2007, the value was Rs 2,321 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012, marking a rise of 245%. However, the value then decreased to Rs 5,360 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 brought the value to Rs 8,000 per sq.ft, followed by a current rate of Rs 8,800 per sq.ft in 2024, reflecting a 10% increase.

Notably, the register has no figures for the years 2002 and 2003 concerning this street. From 2017 to 2023, the guideline value increased by 49%, leading to an overall increase of 279% from 2007 to 2024.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Giriappa Road's 2024 figure below this median.

• Girifith Road/Maharajapuram Santhanam Salai: Rs 9,900 per sq.ft (2024)
• Giri Road: Rs 17,600 per sq.ft (2024)
• Gankaikaraipuram: Rs 4,400 per sq.ft (2024)
• G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road): Rs 27,500 per sq.ft (2024)
• G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road): Rs 27,500 per sq.ft (2024)
• G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park): Rs 27,500 per sq.ft (2024)

Stamp duty and registration fee for property in Giriappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Giriappa Road?

The Sub Registrar Office that covers Giriappa Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property in Tnagar. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the property is registered at a fair value, reflecting the official rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Giriappa Road?

The current guideline value of Giriappa Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,321 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, showing an overall increase of 279%.

What are the stamp duty and registration fees for Giriappa Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 7,92,000, based on the current guideline value.

Which office handles registrations for Giriappa Road?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Giriappa Road, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that properties are registered at an official rate set by the authorities.