Guideline Value for Pullapuram 16th lane

Pullapuram 16th lane guideline value

The current guideline value of Pullapuram 16th lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Pullapuram 16th lane has changed

The guideline value for Pullapuram 16th lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 558 per sq.ft. This increased to Rs 616 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,000 per sq.ft in 2007, which was a 62% increase. In 2012, the value was Rs 3,100 per sq.ft, reflecting a substantial 210% increase from the previous revision. However, it dropped to Rs 2,077 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 3,100 per sq.ft in 2023, before reaching the current figure of Rs 3,400 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 509%. There are no figures available for the revisions in years not listed.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO, with 2024 guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Pullapuram 16th lane's 2024 figure below that median.

• Pullapuram 15th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 17th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 14th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 18th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 13th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 19th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 16th lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram 16th lane?

The Sub Registrar Office that covers Pullapuram 16th 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 property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Pullapuram 16th lane?

The current guideline value of Pullapuram 16th 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 are the stamp duty and registration fees for property in Pullapuram 16th lane?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers Pullapuram 16th lane?

The Periamet Sub Registrar Office covers Pullapuram 16th lane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, which is higher than the current guideline value of Pullapuram 16th lane.