Guideline Value for Pulianthope High Road

Pulianthope High Road guideline value

The current guideline value of Pulianthope High Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and is classified as Commercial Class I Type - I.

How the guideline value of Pulianthope High Road has changed

The guideline value for Pulianthope High Road has seen significant changes over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a 300% rise. However, it dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 8,000 per sq.ft in 2023, and most recently, it increased to Rs 8,800 per sq.ft in 2024, reflecting a 10% change.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 340%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 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 guideline value in this area is Rs 4,800 per sq.ft, indicating that Pulianthope High Road's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pulianthope High Road?

The Sub Registrar Office that covers Pulianthope High Road 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 crucial during the registration process of property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the official valuation set by the government. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Pulianthope High Road?

The current guideline value of Pulianthope High Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, representing an overall increase of 340% over the years.

What are the stamp duty and registration fees for property in Pulianthope High Road?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles property registrations for Pulianthope High Road?

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

How is the guideline value determined in Vepery?

The guideline value in Vepery is determined by the Registration Department and is based on various factors, including land classification and previous revision figures. It is updated periodically to reflect current market conditions.