Guideline Value for GIRIJA NAGAR EXTENSION

Girija Nagar Extension guideline value

The current guideline value of Girija Nagar Extension in Ernavur village, under the Thiruvottiyur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Girija Nagar Extension has changed

The guideline value for Girija Nagar Extension has seen several revisions over the years. In 2007, the value was set at Rs 350 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 271%. However, in 2017, the value decreased to Rs 871 per sq.ft, a decline of 33%. The value then increased to Rs 1,300 per sq.ft in 2023, followed by a further increase to Rs 1,400 per sq.ft in 2024, reflecting an 8% rise.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Girija Nagar Extension is below this median.

• Girija Nagar: Rs 1,400 per sq.ft (2024)
• Gandhi Nagar (Wimco): Rs 1,600 per sq.ft (2024)
• Gandhi Nagar (Ernavoor): Rs 1,600 per sq.ft (2024)
• Erneeswaran Koil Street: Rs 1,400 per sq.ft (2024)
• Ernavoor Pattai: Rs 1,400 per sq.ft (2024)
• Ernavoor Kuppam: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Girija Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. 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 details.

Which Sub Registrar Office covers Girija Nagar Extension?

The Girija Nagar Extension area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

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

Frequently asked questions

What is the current guideline value of Girija Nagar Extension?

The current guideline value of Girija Nagar Extension is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 300% over this period.

What is the land classification of Girija Nagar Extension?

Girija Nagar Extension is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated in Girija Nagar Extension?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%.