Guideline Value

Corporate

Guideline Value for NEW GIRI ROAD

₹8800/sq.ft.

The guideline value for New Giri Road in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1617 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1457 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Giri Road

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New Giri Road guideline value

The current guideline value of New Giri Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village, under the Thiyagaraya nagar SRO, with a land classification of Residential Class I Type - II.

How the guideline value of New Giri Road has changed

The guideline value for New Giri Road has undergone several revisions over the years. In 2002, the value was Rs 1,457 per sq.ft, which increased to Rs 1,617 per sq.ft in 2003, marking a change of +11%. The value then saw a significant rise to Rs 3,000 per sq.ft in 2007, representing an increase of +86%. Following this, the value jumped to Rs 8,000 per sq.ft in 2012, a notable increase of +167%. However, it decreased to Rs 5,360 per sq.ft in 2017, reflecting a decline of -33%. The value then rose to Rs 8,000 per sq.ft in 2023, before reaching the current figure of Rs 8,800 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +504%. The register has no figures for the years not mentioned in the list.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, and New Giri Road's 2024 figure is below this median.

Stamp duty and registration fee for property in New Giri Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Giri Road?

The Sub Registrar Office that covers New Giri Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tnagar. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the registration process adheres to government regulations.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the established norms.

Frequently asked questions

What is the current guideline value of New Giri Road?

The current guideline value of New Giri Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,457 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of +504% over the years.

What are the other streets in Tnagar with their guideline values?

Other streets in Tnagar include New Giri Ist Street and New Postal Colony Street, both valued at Rs 8,800 per sq.ft in 2024, while New Boag Road is valued at Rs 9,900 per sq.ft.

What fees are applicable for property transactions on New Giri Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 88,00,000, with a stamp duty of Rs 6,16,000 and a registration fee of Rs 1,76,000, totaling Rs 7,92,000.

Where is the Sub Registrar Office for New Giri Road located?

The Sub Registrar Office for New Giri Road is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35, under the Thiyagaraya nagar SRO.