Guideline Value for GIRIFITH ROAD/MAHARAJAPURAM SANTHANAM SALAI

Girifith Road/Maharajapuram Santhanam Salai guideline value

The current guideline value for Girifith Road/Maharajapuram Santhanam Salai is Rs 9,900 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 Special Type - II.

How the guideline value of Girifith Road/Maharajapuram Santhanam Salai has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 6,030 per sq.ft. This figure rose to Rs 9,000 per sq.ft in 2023, marking a significant increase of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 9,900 per sq.ft, representing a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Girifith Road/Maharajapuram Santhanam Salai's current value below this median.

• Giriappa Road: Rs 8,800 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 Girifith Road/Maharajapuram Santhanam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty, calculated at 7%, would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Girifith Road/Maharajapuram Santhanam Salai?

The Sub Registrar Office that covers Girifith Road/Maharajapuram Santhanam Salai 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Girifith Road/Maharajapuram Santhanam Salai?

The current guideline value for Girifith Road/Maharajapuram Santhanam Salai is Rs 9,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 6,030 per sq.ft to Rs 9,900 per sq.ft in 2024.

What was the guideline value in 2023?

In 2023, the guideline value for Girifith Road/Maharajapuram Santhanam Salai was Rs 9,000 per sq.ft.

Which office is responsible for registering property transactions in this area?

The Thiyagaraya nagar Sub Registrar Office is responsible for registering property transactions for Girifith Road/Maharajapuram Santhanam Salai.

How is stamp duty calculated for properties in Tnagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate for stamp duty in this area is 7%.