Guideline Value for Pullapuram 19th lane

Pullapuram 19th lane guideline value

The current guideline value of Pullapuram 19th 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 19th lane has changed

The guideline value for Pullapuram 19th 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, reflecting a 10% rise. The value saw a significant jump to Rs 1,000 per sq.ft in 2007, marking a 62% increase. By 2012, the value reached Rs 3,100 per sq.ft, which was a substantial 210% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 2,077 per sq.ft, representing a 33% drop. The value then rose to Rs 3,100 per sq.ft in 2023, before reaching the current value of Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year.

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

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, indicating that the 2024 figure for Pullapuram 19th lane is below this median.

• Pullapuram 18th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 17th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st street: Rs 3,400 per sq.ft (2024)
• Pullapuram 16th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 20th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 19th 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram 19th lane?

The Sub Registrar Office that covers Pullapuram 19th 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 during property registration in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is bought or sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value is subject to periodic revisions, reflecting changes in the real estate market. It is essential to check the latest guideline value before proceeding with any transactions to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Pullapuram 19th lane?

The current guideline value of Pullapuram 19th 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, showing an overall increase of 509% over the years.

What is the land classification for Pullapuram 19th lane?

Pullapuram 19th lane is classified as Residential Class III Type - II under the Periamet SRO.

What are the stamp duty and registration fees for properties in Pullapuram 19th lane?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where can I find the Sub Registrar Office for Pullapuram 19th lane?

The Sub Registrar Office for Pullapuram 19th lane is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet SRO.