Guideline Value for Pulianthope 3rd lane

Pulianthope 3rd lane guideline value

The current guideline value of Pulianthope 3rd lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Pulianthope 3rd lane has changed

Over the years, the guideline value of Pulianthope 3rd lane has seen significant changes. In the 2007 revision, the value was Rs 800 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, this was followed by a decline to Rs 1,675 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 2,500 per sq.ft in 2023, and finally, the current value is Rs 2,700 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

The changes between these revisions are noteworthy. From 2007 to 2012, the guideline value increased by 213%. However, it then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023, and an 8% increase from 2023 to 2024. 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value of Pulianthope 3rd lane is below this median.

• Pulianthope 3rd cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 4th cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 2nd lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 4th lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 2nd cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 5th cross street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pulianthope 3rd 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. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pulianthope 3rd lane?

The Sub Registrar Office that covers Pulianthope 3rd 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 critical factor in the registration process when buying or selling property in Vepery. It serves as a baseline for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. It is essential to consult the guideline value to understand the costs associated with property transactions in this area.

Frequently asked questions

What is the current guideline value of Pulianthope 3rd lane?

The current guideline value of Pulianthope 3rd 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 fluctuated over the years, starting at Rs 800 per sq.ft in 2007 and reaching Rs 2,700 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Pulianthope 3rd lane?

The land classification for Pulianthope 3rd lane is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Pulianthope 3rd lane?

The Sub Registrar Office for Pulianthope 3rd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Pulianthope 3rd lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.