Guideline Value for Pulianthope 2nd lane

Pulianthope 2nd lane guideline value

The current guideline value of Pulianthope 2nd lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Pulianthope 2nd lane has changed

The guideline value for Pulianthope 2nd lane has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents an 8% increase. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with 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, making the guideline value of Pulianthope 2nd lane below the median.

• Pulianthope 2nd cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 3rd cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 1st lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 3rd lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 1st cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 4th cross street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pulianthope 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 Pulianthope 2nd lane?

The Sub Registrar Office that covers Pulianthope 2nd lane 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 is a crucial factor in the registration process when buying or selling property in Vepery. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to comply with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Pulianthope 2nd lane?

The current guideline value of Pulianthope 2nd lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 238% over the years.

What is the classification of land in Pulianthope 2nd lane?

Pulianthope 2nd lane is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What is the median guideline value in Vepery?

The median guideline value for the 290 streets in Vepery under the Periamet SRO is Rs 4,800 per sq.ft, which is above the current guideline value of Pulianthope 2nd lane.

Where can I find the Sub Registrar Office for Pulianthope 2nd lane?

The Sub Registrar Office for Pulianthope 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.