Guideline Value for Girisqure , 2nd Street

Girisqure , 2nd Street guideline value

The current guideline value of Girisqure , 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Girisqure , 2nd Street has changed

The guideline value for Girisqure , 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,800 per sq.ft. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 is an increase of 64%.

It is important to note that the register has no figures for Girisqure , 2nd Street for the years 2002, 2003, 2007, and 2012. This lack of data means that the changes in guideline value for those years cannot be determined.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, 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, indicating that the guideline value for Girisqure , 2nd Street is below this median.

• Girisqure , 1st Street: Rs 1,980 per sq.ft (2024)
• Girisqure, 3rd Street: Rs 1,980 per sq.ft (2024)
• Giri Square / Anna Nagar: Rs 2,750 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 Girisqure , 2nd Street

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, and the registration fee at 2% would be Rs 39,600, bringing the total fees to 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.

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

Which Sub Registrar Office covers Girisqure , 2nd Street?

The Sub Registrar Office that covers Girisqure , 2nd Street 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. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the costs involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it can affect the overall expenses during the registration process. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Girisqure , 2nd Street?

The current guideline value of Girisqure , 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64% over the seven years.

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.

Which office handles registrations for Girisqure , 2nd Street?

The Pammal Sub Registrar Office handles registrations for Girisqure , 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Girisqure , 2nd Street?

Girisqure , 2nd Street is classified as Residential Class II Type - II, indicating its suitability for residential development.