Guideline Value for Pulianthope 3rd cross street

Pulianthope 3rd cross street guideline value

The current guideline value of Pulianthope 3rd cross street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pulianthope 3rd cross street has changed

In the 2007 revision, the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 213%. However, the 2017 revision saw a decrease to Rs 1,675 per sq.ft, which was a decline of 33%. The guideline value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an 8% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. 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 guideline values ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value is Rs 4,800 per sq.ft, making the 2024 figure for Pulianthope 3rd cross street below the median.

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

Stamp duty and registration fee for property in Pulianthope 3rd cross street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pulianthope 3rd cross street?

The Sub Registrar Office covering Pulianthope 3rd cross 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 is a reference point used during the registration of property transactions. It helps determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This process helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Pulianthope 3rd cross street?

The current guideline value of Pulianthope 3rd cross street 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 seen several changes, from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 238% since 2007.

What are the other streets in Vepery with similar guideline values?

Other streets in Vepery with a guideline value of Rs 2,700 per sq.ft include Pulianthope 2nd lane, Pulianthope 3rd lane, Pulianthope 2nd cross street, Pulianthope 4th cross street, Pulianthope 1st lane, and Pulianthope 4th lane.

What is the registration fee for property in Pulianthope 3rd cross street?

The registration fee for property in Pulianthope 3rd cross street is 2% of the guideline value. For a property valued at Rs 27,00,000, the registration fee would be Rs 54,000.

Where can I find more information about the Sub Registrar Office?

The Periamet Sub Registrar Office covers Pulianthope 3rd cross street. It is located at 1103, Poonamallee High Road, Chennai-600 003. You can find more information by visiting the relevant link.