Guideline Value for Pullapuram 14th lane

Pullapuram 14th lane guideline value

The current guideline value of Pullapuram 14th lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Pullapuram 14th lane has changed

The guideline value for Pullapuram 14th lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 558 per sq.ft. This figure increased to Rs 616 per sq.ft in 2003, marking a 10% rise. The value continued to grow significantly, reaching Rs 1,000 per sq.ft in 2007, which was a 62% increase from the previous revision. In 2012, the value was Rs 3,100 per sq.ft, reflecting a substantial 210% increase from 2007. However, it then decreased to Rs 2,077 per sq.ft in 2017, a decline of 33% from the 2012 revision. The value rose again to Rs 3,100 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,400 per sq.ft in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 509%. There are no figures available for the years that do not have a revision listed for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry 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 14th lane's 2024 figure is below the median.

• Pullapuram 13th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 15th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 12th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 16th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 11th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 17th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 14th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. 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 details.

Which Sub Registrar Office covers Pullapuram 14th lane?

The Sub Registrar Office that covers Pullapuram 14th 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 plays a crucial role in the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pullapuram 14th lane?

The current guideline value of Pullapuram 14th 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 significantly from Rs 558 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 509% over this period.

What is the stamp duty rate for property transactions in Pullapuram 14th lane?

The stamp duty rate for property transactions in Pullapuram 14th lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pullapuram 14th lane located?

The Sub Registrar Office for Pullapuram 14th lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher amount is used for calculating these costs.