Guideline Value

Corporate

Guideline Value for Pulipone Bazar Lane

₹6600/sq.ft.

The guideline value for Pulipone Bazar Lane in Triplicane village (Triplicane SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1560 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pulipone Bazar Lane

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Pulipone Bazar Lane guideline value

The current guideline value of Pulipone Bazar 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 Lane has changed

The guideline value for Pulipone Bazar Lane has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,560 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 285% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, reflecting a 33% drop. The value then rose again to Rs 6,000 per sq.ft in 2023, and most recently to Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for Pulipone Bazar Lane. Overall, from 2007 to 2024, the guideline value has increased by 323%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry 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 equal to the current value of Pulipone Bazar Lane.

Stamp duty and registration fee for property in Pulipone Bazar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total 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, bringing the total fees to Rs 5,94,000. Please 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 details.

Which Sub Registrar Office covers Pulipone Bazar Lane?

The Sub Registrar Office that covers Pulipone Bazar Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Triplicane. 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 current guideline value to ensure compliance with legal requirements.

When buying or selling property, the guideline value is used to calculate the applicable duties and fees. It is essential to refer to the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pulipone Bazar Lane?

The current guideline value of Pulipone Bazar 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 undergone several changes, starting from Rs 1,560 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 323%.

What is the land classification for Pulipone Bazar Lane?

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

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

The Sub Registrar Office for Pulipone Bazar 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 property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 6,600 per sq.ft incurs a total guideline value of Rs 66,00,000, leading to specific stamp duty and registration fees.