Guideline Value for Girisqure,3rd Street

Girisqure,3rd Street guideline value

The current guideline value of Girisqure,3rd 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,3rd Street has changed

The guideline value for Girisqure,3rd Street has undergone several revisions over the years. The earliest available revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This value increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It's important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

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 per the 2024 revision. The median guideline value in the village is Rs 2,090 per sq.ft, which means Girisqure,3rd Street's current value is below this median.

• Girisqure , 2nd Street: Rs 1,980 per sq.ft (2024)
• Girisqure ,1st 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,3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Thus, the total cost for these fees would be Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Girisqure,3rd Street?

The Sub Registrar Office that covers Girisqure,3rd Street 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 during property registration in Pammal. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value must be considered as it affects the total cost involved in the transaction. It is essential for buyers and sellers to be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Girisqure,3rd Street?

The current guideline value of Girisqure,3rd Street 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 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 64% over this period.

What is the land classification of Girisqure,3rd Street?

Girisqure,3rd Street is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

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

How is the stamp duty calculated for properties in Girisqure,3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.