Guideline Value for Pulianthope 4th cross street

Pulianthope 4th cross street guideline value

The current guideline value of Pulianthope 4th cross street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Pulianthope 4th cross street has changed

Over the years, the guideline value for Pulianthope 4th cross street has seen several revisions. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 213% rise. However, this value dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%.

In the subsequent revisions, the value increased to Rs 2,500 per sq.ft in 2023, and then to the current Rs 2,700 per sq.ft in 2024, which is an 8% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%.

Guideline values in Vepery

In Vepery, there are a total of 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 current value of Pulianthope 4th cross street below the median.

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

Stamp duty and registration fee for property in Pulianthope 4th cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pulianthope 4th cross street?

The Sub Registrar Office that covers Pulianthope 4th 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 crucial factor during the registration of property transactions in Vepery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price as per government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pulianthope 4th cross street?

The current guideline value of Pulianthope 4th 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 changed 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 median guideline value for streets in Vepery?

The median guideline value for streets in Vepery is Rs 4,800 per sq.ft, which is higher than the current value of Pulianthope 4th cross street.

What are the stamp duty and registration fees for property in Pulianthope 4th cross street?

The stamp duty is 7% and the registration fee is 2%. For a property with a guideline value of Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles registrations for Pulianthope 4th cross street?

The Periamet Sub Registrar Office handles registrations for Pulianthope 4th cross street, located at 1103, Poonamallee High Road, Chennai-600 003.