Guideline Value for PURUSOTHAMAN NAGAR

Purusothaman Nagar guideline value

The current guideline value of Purusothaman Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Pulipakkam village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Purusothaman Nagar has changed

Looking back at the revisions, the guideline value for Purusothaman Nagar was Rs 600 per sq.ft in 2023, which remains unchanged in the 2024 revision. Prior to that, in 2017, the value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also listed the value at Rs 600 per sq.ft, but this was a decrease of 33% from the previous figure in 2017.

Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with the median value being Rs 600 per sq.ft. Purusothaman Nagar's 2024 figure aligns with this median.

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

Stamp duty and registration fee for property in Purusothaman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, which totals Rs 42,000, and the registration fee at 2% amounts to Rs 12,000. Together, the total fees would be Rs 54,000. It is important to note that the 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 Purusothaman Nagar?

Purusothaman Nagar falls under 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 plays a crucial role in property transactions in Pulipakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures compliance with legal requirements and helps in accurately assessing the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar?

The current guideline value of Purusothaman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024. However, it was Rs 402 per sq.ft in 2017, reflecting a 49% increase by 2023.

What is the land classification for Purusothaman Nagar?

Purusothaman Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Purusothaman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.