Guideline Value

Corporate

Guideline Value for PURUSOTHAMAN NAGAR

₹4400/sq.ft.

The guideline value for Purusothaman Nagar in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Purusothaman Nagar

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Purusothaman Nagar guideline value

The current guideline value of Purusothaman Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This locality is situated in Hastinapuram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Purusothaman Nagar has changed

Over the years, the guideline value of Purusothaman Nagar has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the previous figure of Rs 2,680 per sq.ft in 2017. However, in 2023, the value increased to Rs 4,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to 2023, the value rose significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing Purusothaman Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Purusothaman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty charged at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Purusothaman Nagar?

The Sub Registrar Office that covers Purusothaman Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Hastinapuram

The guideline value is a critical factor during the registration of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted at values that reflect the official rates set by the government.

When buying or selling property, the guideline value influences the stamp duty and registration fees that are applicable. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar?

The current guideline value of Purusothaman Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, which is a 10% increase. The value also rose from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023, a significant increase of 49%.

What is the land classification for Purusothaman Nagar?

Purusothaman Nagar is classified as Mixed Type - I land, which indicates a blend of residential and commercial uses in the area.

What are the registration fees for property in Purusothaman Nagar?

The registration fees for property in Purusothaman Nagar include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office should I visit for property registration in Purusothaman Nagar?

The Pallavaram Sub Registrar Office is responsible for property registration in Purusothaman Nagar. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.