Guideline Value for Pulianthope 4th lane

Pulianthope 4th lane guideline value

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

How the guideline value of Pulianthope 4th lane 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 213% rise. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, which was a 33% drop. The 2023 revision saw an increase to Rs 2,500 per sq.ft, followed by a rise to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up after the decline. Overall, from the 2007 revision to the current 2024 figure, the guideline value has risen by 238%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

Vepery village has 290 streets under the Periamet SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value is Rs 4,800 per sq.ft, indicating that Pulianthope 4th lane's 2024 figure is below this median.

• Pulianthope 4th cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 5th cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 3rd lane: Rs 2,700 per sq.ft (2024)
• Pulianthope 5th street: Rs 2,700 per sq.ft (2024)
• Pulianthope 3rd cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 6th cross street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pulianthope 4th 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, together totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pulianthope 4th lane?

The Sub Registrar Office that covers Pulianthope 4th 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 property transactions in Vepery. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value reflects the government's assessment of property values in the area, ensuring that the fees collected are based on a standardized valuation.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pulianthope 4th lane?

The current guideline value of Pulianthope 4th 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 seen several changes: from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various increases and decreases in between. Notably, there was a significant increase of 238% from 2007 to 2024.

What are the stamp duty and registration fees for properties in Pulianthope 4th lane?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Pulianthope 4th lane?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, is responsible for handling registrations for Pulianthope 4th lane.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the fees are based on a standardized property valuation, which is crucial for accurate record-keeping and revenue collection by the government.