Guideline Value for Pullapuram 10th lane

Pullapuram 10th lane guideline value

The current guideline value of Pullapuram 10th lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of Pullapuram 10th lane has changed

The guideline value for Pullapuram 10th lane has seen several revisions over the years. In 2002, the value was Rs 558 per sq.ft, which increased to Rs 616 per sq.ft in 2003, marking a 10% rise. The value then experienced a significant increase to Rs 1,000 per sq.ft in 2007, representing a 62% change. Following this, the 2012 revision saw a decrease to Rs 3,100 per sq.ft, which was a drop of 210% from the previous figure. In 2017, the guideline value rose again to Rs 2,077 per sq.ft, a 33% increase from 2012. The most recent revisions show a rise to Rs 3,100 per sq.ft in 2023, followed by a further increase to the current value of Rs 3,400 per sq.ft in 2024, which is a 10% change.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 509%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, indicating that Pullapuram 10th lane's 2024 figure is below this median.

• Pullapuram 11th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 12th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 13th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 14th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 15th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 16th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 10th lane

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, while the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pullapuram 10th lane?

The Sub Registrar Office that covers Pullapuram 10th 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 Egmore

The guideline value is a crucial factor in the registration of properties in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pullapuram 10th lane?

The current guideline value of Pullapuram 10th lane is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 558 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 509% over the years.

What is the registration office for Pullapuram 10th lane?

The registration office for Pullapuram 10th lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Pullapuram 10th lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 3,06,000.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore under the Periamet SRO with the same guideline value of Rs 3,400 per sq.ft include Pullapuram 11th lane, Pullapuram 12th lane, Pullapuram 13th lane, Pullapuram 14th lane, Pullapuram 15th lane, and Pullapuram 16th lane.