Guideline Value for HIGHWAY TOWN

Highway Town guideline value

The current guideline value for Highway Town in Pulipakkam village is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Highway Town has changed

The guideline value for Highway Town has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained the same in the 2017 revision. However, the 2017 revision saw a decrease to Rs 670 per sq.ft in 2017. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 1,000 per sq.ft in 2023. The 2024 revision maintained this value at Rs 1,000 per sq.ft, resulting in no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same, showing a consistent figure of Rs 1,000 per sq.ft.

Guideline values in Pulipakkam

In Pulipakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 1,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making Highway Town's 2024 figure above that median.

• Govinda Nagar: Rs 600 per sq.ft (2024)
• Badma Avenue: Rs 600 per sq.ft (2024)
• Narayana Nagar: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Highway Town

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Highway Town?

The Sub Registrar Office that covers Highway Town is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Pulipakkam

The guideline value is a crucial factor during property registration in Pulipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must ensure that the transaction adheres to these values to avoid any legal complications.

When registering a property, the guideline value helps in assessing the official worth of the property, which is essential for tax purposes. It is important to refer to the latest guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Highway Town?

The current guideline value for Highway Town is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 670 per sq.ft in 2017, followed by an increase back to Rs 1,000 per sq.ft in 2023 and remaining the same in 2024.

Are there other streets in Pulipakkam with different guideline values?

Yes, there are other streets in Pulipakkam under the Chengleput Joint II SRO with guideline values ranging from Rs 600 to Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for a property in Highway Town?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Highway Town?

The Chengleput Joint II Sub Registrar Office handles property registrations for Highway Town, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.