Guideline Value for GIRIJA NAGAR

Girija Nagar guideline value

The current guideline value of Girija Nagar, located 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 has changed

Over the years, the guideline value of Girija Nagar has seen significant changes. In 2002, the guideline value was Rs 128 per sq.ft. This figure increased to Rs 150 per sq.ft in 2003, marking a 17% rise. The value then saw a substantial increase to Rs 350 per sq.ft in 2007, which represented a 133% jump. Following this, the value rose dramatically to Rs 1,300 per sq.ft in 2012, reflecting a 271% increase. However, the value decreased to Rs 871 per sq.ft in 2017, a decline of 33%. The guideline value then rose again to Rs 1,300 per sq.ft in 2023, and most recently to Rs 1,400 per sq.ft in 2024, showing an 8% increase.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2002 to 2024, the guideline value has increased by 994%. There are no figures available for revisions other than those specified 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 of Girija Nagar is below this median.

• Girija Nagar Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the 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, bringing the total to 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Girija Nagar?

The Sub Registrar Office that covers Girija Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the minimum value at which properties can be registered. This ensures that the registration reflects a fair value based on the current market conditions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Girija Nagar?

The current guideline value of Girija Nagar 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 significantly from Rs 128 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 994% over the years.

What is the land classification of Girija Nagar?

Girija Nagar is classified as Residential Class I Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Girija Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,26,000, based on the current guideline value of Rs 14,00,000.

Where is the Sub Registrar Office for Girija Nagar located?

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