Guideline Value for Pulianthope 5th street

Pulianthope 5th street guideline value

The current guideline value of Pulianthope 5th street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, which falls 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 5th street has changed

The guideline value of Pulianthope 5th street has undergone 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, marking a rise of 213%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose sharply to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an 8% increase from the previous year.

It is important to note that the register has no figures for Pulianthope 5th street for the years 2002 and 2003.

Guideline values in Vepery

In Vepery village, 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. The median value for these streets is Rs 4,800 per sq.ft, indicating that Pulianthope 5th street's current guideline value is below this median.

• Pulianthope 5th cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 6th cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 4th lane: Rs 2,700 per sq.ft (2024)
• Pulianthope High Road: Rs 8,800 per sq.ft (2024)
• Pulianthope 4th cross street: Rs 2,700 per sq.ft (2024)
• Pulianthope 3rd lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pulianthope 5th street

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 cost to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pulianthope 5th street?

The Sub Registrar Office that covers Pulianthope 5th 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 when buying or selling property in Vepery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure that they comply with the legal requirements during the registration process.

Additionally, the guideline value helps in assessing the fair value of the property, ensuring that transactions are conducted transparently. It is essential for both parties to understand the implications of the guideline value to avoid any disputes during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Pulianthope 5th street?

The current guideline value of Pulianthope 5th 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 several times, from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024. Notable changes include a rise to Rs 2,500 per sq.ft in 2012 and a further increase to Rs 2,500 per sq.ft in 2023.

What is the land classification of Pulianthope 5th street?

The land classification for Pulianthope 5th street is Residential Class IV Type - I, indicating its designation for residential use.

Where is the Sub Registrar Office for Pulianthope 5th street located?

The Sub Registrar Office that covers Pulianthope 5th street is located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Pulianthope 5th street?

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