Guideline Value for Pullapuram 18thlane

Pullapuram 18thlane guideline value

The current guideline value of Pullapuram 18thlane 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 18thlane has changed

Over the years, the guideline value of Pullapuram 18thlane has seen significant changes. The earliest recorded figure is from 2002, where the value was Rs 558 per sq.ft. This increased to Rs 616 per sq.ft in 2003, marking a 10% rise. In 2007, the guideline value jumped to Rs 1,000 per sq.ft, representing a 62% increase. The value further surged to Rs 3,100 per sq.ft in 2012, reflecting a substantial 210% increase from the previous revision. However, it then decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 3,100 per sq.ft in 2023, and finally, in 2024, it reached the current value of Rs 3,400 per sq.ft, which is a 10% increase from the previous year.

The overall change from 2002 to 2024 indicates a remarkable increase of 509%. Notably, there are no figures available for the years not listed in the register for this street.

Guideline values in Egmore

In Egmore, 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, with a median value of Rs 7,100 per sq.ft. The guideline value of Pullapuram 18thlane is below this median.

• Pullapuram 17th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 19th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 16th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 15th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 18thlane

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, bringing the total to 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 detailed calculations.

Which Sub Registrar Office covers Pullapuram 18thlane?

The Sub Registrar Office that covers Pullapuram 18thlane 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 serves as a reference point for determining the minimum value at which a property can be registered. This helps ensure transparency and consistency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to accurately calculate their costs during the transaction.

Frequently asked questions

What is the current guideline value of Pullapuram 18thlane?

The current guideline value of Pullapuram 18thlane 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, rising from Rs 558 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, which is an overall increase of 509%.

What is the land classification for Pullapuram 18thlane?

Pullapuram 18thlane is classified as Residential Class III Type - II.

Where can I find the registration office for Pullapuram 18thlane?

The registration office for Pullapuram 18thlane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Pullapuram 18thlane?

Stamp duty is calculated at 7% of 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 stamp duty of Rs 2,38,000.