Guideline Value for Girisqure ,1st Street,

Girisqure ,1st Street, guideline value

The current guideline value of Girisqure ,1st 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 ,1st Street, has changed

The guideline value for Girisqure ,1st Street, has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, meaning that Girisqure ,1st Street's 2024 guideline value is below this median.

• Giri Square / Anna Nagar: Rs 2,750 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 Girisqure ,1st 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 to Rs 1,78,200. It is important to note that 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 details.

Which Sub Registrar Office covers Girisqure ,1st Street,?

The Sub Registrar Office that covers Girisqure ,1st 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

When buying or selling property in Pammal, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

The guideline value also serves as a reference point for property buyers and sellers, providing a standard measure for property valuation in the area. It helps ensure transparency in transactions and assists in avoiding disputes related to property pricing.

Frequently asked questions

What is the current guideline value of Girisqure ,1st Street,?

The current guideline value of Girisqure ,1st 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 changed from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Girisqure ,1st Street,?

For a 1,000 sq.ft plot, the total guideline value is 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 Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Girisqure ,1st Street, and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees in property transactions. It serves as a reference for property valuation, ensuring transparency and consistency in pricing.