Guideline Value for Pulipone Bazar 3rd Lane

Pulipone Bazar 3rd Lane guideline value

The current guideline value of Pulipone Bazar 3rd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pulipone Bazar 3rd Lane has changed

The guideline value for Pulipone Bazar 3rd Lane has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 1,560 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 285%. However, by 2017, the value dropped to Rs 4,020 per sq.ft, a decrease of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 323%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is the same as the current value for Pulipone Bazar 3rd Lane.

• Pulipone Bazar 2nd Lane: Rs 6,600 per sq.ft (2024)
• Pulipone Bazar Lane: Rs 6,600 per sq.ft (2024)
• Pulipone Bazar 1st Lane: Rs 6,600 per sq.ft (2024)
• Pulipone Bazar Street: Rs 6,600 per sq.ft (2024)
• Pycrofts 1st Lane & Street: Rs 7,700 per sq.ft (2024)
• Pycrofts 2nd Lane & Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pulipone Bazar 3rd Lane

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Pulipone Bazar 3rd Lane?

The Sub Registrar Office that covers Pulipone Bazar 3rd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Triplicane

The guideline value plays a crucial role in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the legal requirements set forth by the Registration Department. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Pulipone Bazar 3rd Lane?

The current guideline value of Pulipone Bazar 3rd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly since 2007, rising from Rs 1,560 per sq.ft to Rs 6,600 per sq.ft in 2024, which is an overall increase of 323%.

What is the land classification for Pulipone Bazar 3rd Lane?

Pulipone Bazar 3rd Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Pulipone Bazar 3rd Lane?

The Sub Registrar Office for Pulipone Bazar 3rd Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Pulipone Bazar 3rd Lane?

The stamp duty for properties in Pulipone Bazar 3rd Lane is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 5,94,000.