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Guideline Value

Corporate

Guideline Value for Pooram Prakasa Rao 2nd street

₹4800/sq.ft.

The guideline value for Pooram Prakasa Rao 2nd Street in Vepery village (Periamet SRO, Chennai zone) is Rs 4800 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4800 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Pooram Prakasa Rao 2nd Street

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Pooram Prakasa Rao 2nd street guideline value

The current guideline value of Pooram Prakasa Rao 2nd street is Rs 4,800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and is classified as Residential Class II Type - II.

How the guideline value of Pooram Prakasa Rao 2nd street has changed

The guideline value for Pooram Prakasa Rao 2nd street has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 463% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,800 per sq.ft in 2024, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, which is equal to the guideline value of Pooram Prakasa Rao 2nd street.

Stamp duty and registration fee for property in Pooram Prakasa Rao 2nd street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value would be Rs 48,00,000. The stamp duty at 7% would amount to Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, making the total cost for these fees Rs 4,32,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pooram Prakasa Rao 2nd street?

The Sub Registrar Office that covers Pooram Prakasa Rao 2nd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vepery. It is used to determine the stamp duty and registration fees payable when buying or selling property. The fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When engaging in property transactions, it is essential to be aware of the current guideline value as it directly impacts the costs involved in the registration process. Buyers and sellers should consult the latest figures to ensure compliance with legal requirements and to budget accurately for their transactions.

Frequently asked questions

What is the current guideline value of Pooram Prakasa Rao 2nd street?

The current guideline value of Pooram Prakasa Rao 2nd street is Rs 4,800 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, marking an overall increase of 500% over the years.

What is the land classification for Pooram Prakasa Rao 2nd street?

Pooram Prakasa Rao 2nd street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Pooram Prakasa Rao 2nd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 48,00,000 would incur a stamp duty of Rs 3,36,000 and a registration fee of Rs 96,000.