Guideline Value for Girija Nagar East 1st Street

Girija Nagar East 1st Street guideline value

The current guideline value of Girija Nagar East 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Girija Nagar East 1st Street has changed

Since the 2007 revision, the guideline value for Girija Nagar East 1st Street has seen significant changes. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 300%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, where it was updated to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the 2024 figure for Girija Nagar East 1st Street above this median.

• Girija Nagar East 2nd Street: Rs 4,400 per sq.ft (2024)
• Girija Nagar West: Rs 4,400 per sq.ft (2024)
• Girija Nagar West 1st Street: Rs 4,400 per sq.ft (2024)
• Girija Nagar West 2nd Street: Rs 4,400 per sq.ft (2024)
• Ganga Nagar: Rs 3,300 per sq.ft (2024)
• Golden Avenue: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Girija Nagar East 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 further calculations.

Which Sub Registrar Office covers Girija Nagar East 1st Street?

The Sub Registrar Office that covers Girija Nagar East 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is documented at a value that reflects the current market standards.

Frequently asked questions

What is the current guideline value for Girija Nagar East 1st Street?

The current guideline value for Girija Nagar East 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 340%.

What are the guideline values for other streets in Kolathur?

Other streets in Kolathur have varying guideline values, with some streets like Girija Nagar East 2nd Street and Girija Nagar West also valued at Rs 4,400 per sq.ft for 2024.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a total cost of Rs 3,96,000 in fees.