Guideline Value for Girigori Street / Pasumpon Nagar

Girigori Street / Pasumpon Nagar guideline value

The current guideline value of Girigori Street / Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Girigori Street / Pasumpon Nagar has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, a 59% increase from the previous revision. By 2017, the value had jumped to Rs 1,206 per sq.ft, reflecting a remarkable 235% increase. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% rise from 2017. The most recent revision in 2024 has established the current value at Rs 1,980 per sq.ft, representing a 10% increase from 2023. It is important to note that the register has no figure for this street for the year 2012.

Overall, from 2002 to 2024, the guideline value has increased by 890%. This consistent rise in value reflects the evolving real estate landscape in the area.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Girigori Street / Pasumpon Nagar's 2024 figure below this median.

• Girigori Street Lane: Rs 1,980 per sq.ft (2024)
• Girigori Street Extension: Rs 1,980 per sq.ft (2024)
• Girigori Street 2nd Cross Street: Rs 1,980 per sq.ft (2024)
• Giri Square / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Girisqure ,1st Street,: Rs 1,980 per sq.ft (2024)
• Girisqure , 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Girigori Street / Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Girigori Street / Pasumpon Nagar?

The Sub Registrar Office that covers Girigori Street / Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 plays a crucial role in property transactions in Pammal. It is used as a basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price.

During the registration process, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Girigori Street / Pasumpon Nagar?

The current guideline value of Girigori Street / Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the guideline value of Girigori Street / Pasumpon Nagar.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Girigori Street / Pasumpon Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.