Guideline Value for GIRIGORI NAGAR MURUGATHAMMAN KOIL CROSS STREET

Girigori Nagar Murugathamman Koil Cross Street guideline value

The current guideline value of Girigori Nagar Murugathamman Koil Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Girigori Nagar Murugathamman Koil Cross Street has changed

Over the years, the guideline value for Girigori Nagar Murugathamman Koil Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017, marking a decline of 33%. However, the value rebounded significantly to Rs 2,300 per sq.ft in 2023, and then increased by 10% to reach the current value of Rs 2,530 per sq.ft in 2024.

In summary, from the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which is equal to the 2024 figure for Girigori Nagar Murugathamman Koil Cross Street.

• Girigori Nagar Main Road: Rs 2,530 per sq.ft (2024)
• Girigori Nagar Murugathamman Koil Street: Rs 2,530 per sq.ft (2024)
• Girigori Nagar 2nd Main Road: Rs 2,530 per sq.ft (2024)
• Girigori Nagar 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Girigori Nagar 1st Main Salai: Rs 2,530 per sq.ft (2024)
• Girikori Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Girigori Nagar Murugathamman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees to Rs 2,27,700. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Girigori Nagar Murugathamman Koil Cross Street?

The Sub Registrar Office that covers Girigori Nagar Murugathamman Koil Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Manapakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations during property transactions. It helps in determining the financial obligations involved in buying or selling property in the area.

Frequently asked questions

What is the current guideline value for Girigori Nagar Murugathamman Koil Cross Street?

The current guideline value for Girigori Nagar Murugathamman Koil Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Girigori Nagar Murugathamman Koil Cross Street is Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Girigori Nagar Murugathamman Koil Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 25,30,000, the stamp duty at 7% would be Rs 1,77,100.