Guideline Value for Giri Square / Anna Nagar

Giri Square / Anna Nagar guideline value

The current guideline value of Giri Square / Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Giri Square / Anna Nagar has changed

The guideline value for Giri Square / Anna Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 228 per sq.ft. It increased to Rs 258 per sq.ft in 2003, marking a 13% rise. In 2007, the value rose significantly to Rs 360 per sq.ft, a 40% increase from the previous revision. By 2017, the guideline value reached Rs 1,675 per sq.ft, reflecting a substantial 365% increase from 2007. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% increase from 2017. The latest revision in 2024 has raised the guideline value to Rs 2,750 per sq.ft, which is a 10% increase from 2023.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1,106%. Notably, there is no figure available for the year 2012 in the register for this street.

Guideline values in Pammal

Pammal village comprises 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Giri Square / Anna Nagar above this median.

• Girisqure ,1st Street: Rs 1,980 per sq.ft (2024)
• Girisqure , 2nd Street: Rs 1,980 per sq.ft (2024)
• Girisqure,3rd Street: Rs 1,980 per sq.ft (2024)
• Girigori Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Girigori Street Lane: Rs 1,980 per sq.ft (2024)
• Girigori Street Extension: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Giri Square / Anna Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Giri Square / Anna Nagar?

The Giri Square / Anna Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. The guideline value ensures that the fees are calculated based on a standardized value set by the authorities.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process remains transparent and consistent across all transactions within the Pammal area.

Frequently asked questions

What is the current guideline value of Giri Square / Anna Nagar?

The current guideline value of Giri Square / Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,106% over this period.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Girisqure ,1st Street, Girisqure , 2nd Street, Girisqure,3rd Street, Girigori Street / Pasumpon Nagar, Girigori Street Lane, and Girigori Street Extension, all valued at Rs 1,980 per sq.ft for 2024.

What fees are involved when registering property in Giri Square / Anna Nagar?

When registering property in Giri Square / Anna Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Giri Square / Anna Nagar?

The Sub Registrar Office for Giri Square / Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details about your SRO through the provided link.