Guideline Value for Pullapuram 1st lane

Pullapuram 1st lane guideline value

The current guideline value of Pullapuram 1st 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 it falls under the Residential Class III Type - II land classification.

How the guideline value of Pullapuram 1st lane has changed

The guideline value for Pullapuram 1st lane has seen several revisions over the years. The earliest recorded revision is from 2003, where the guideline value was Rs 616 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 62%. The value then surged dramatically to Rs 3,100 per sq.ft in 2012, reflecting a 210% increase. However, it dropped to Rs 2,077 per sq.ft in 2017, which was a decrease of 33%. The value then rose again to Rs 3,100 per sq.ft in 2023, and most recently, it increased to Rs 3,400 per sq.ft in 2024, showing a 10% rise.

There is no guideline value recorded for Pullapuram 1st lane in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 452%.

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. Pullapuram 1st lane's 2024 figure of Rs 3,400 per sq.ft is below this median.

• Pullapuram 19th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st street: Rs 3,400 per sq.ft (2024)
• Pullapuram 18th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 20th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 17th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 21th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 1st 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, bringing the total to Rs 3,06,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pullapuram 1st lane?

The Sub Registrar Office that covers Pullapuram 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Egmore

The guideline value is a crucial factor during 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 in assessing the financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pullapuram 1st lane?

The current guideline value of Pullapuram 1st 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 616 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 452%.

What is the land classification for Pullapuram 1st lane?

Pullapuram 1st lane falls under the Residential Class III Type - II land classification.

What are the stamp duty and registration fees for property in Pullapuram 1st lane?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 3,06,000.

Where is the Sub Registrar Office for Pullapuram 1st lane located?

The Sub Registrar Office for Pullapuram 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.