Guideline Value for Girigori Street Extension

Girigori Street Extension guideline value

The current guideline value of Girigori Street Extension is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Girigori Street Extension has changed

The guideline value for Girigori Street Extension has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, a 59% increase from the previous revision. By 2017, the value had surged to Rs 1,206 per sq.ft, reflecting a substantial 235% increase over the 2007 figure. The 2023 revision set the value at Rs 1,800 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 saw the guideline value rise to Rs 1,980 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for the 2012 revision for Girigori Street Extension. Overall, from 2002 to 2024, the guideline value has increased by an impressive 890%.

Guideline values in Pammal

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

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

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, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Girigori Street Extension?

The Sub Registrar Office that covers Girigori Street Extension is 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 reference point for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When buying or selling property, it is essential to consult the latest guideline value to avoid any discrepancies during the registration process. The guideline value is updated periodically, and staying informed will help ensure a smooth transaction.

Frequently asked questions

What is the current guideline value of Girigori Street Extension?

The current guideline value of Girigori Street Extension 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 significantly from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft as of 2024. Girigori Street Extension's guideline value is below this median.

What are the stamp duty and registration fees for property in Girigori Street Extension?

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.

Which office handles property registration in Pammal?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles property registration in Pammal.