Guideline Value for Pullapuram 21th lane

Pullapuram 21th lane guideline value

The current guideline value of Pullapuram 21th lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This lane is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Pullapuram 21th lane has changed

The guideline value for Pullapuram 21th lane has undergone several revisions since 2002. In 2002, the value was Rs 558 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, reflecting a significant rise of 79%. The value then surged to Rs 3,100 per sq.ft in 2012, marking a 210% increase. However, it decreased to Rs 2,077 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,100 per sq.ft in 2023, and currently stands at Rs 3,400 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year. The register has no figure for this street in 2003.

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. The median guideline value in this area is Rs 7,100 per sq.ft, indicating that Pullapuram 21th lane's 2024 figure is below this median.

• Pullapuram 20thlane: Rs 3,400 per sq.ft (2024)
• Pullapuram 22thrd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st street: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 21th 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. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram 21th lane?

The Sub Registrar Office that covers Pullapuram 21th 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 during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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

Frequently asked questions

What is the current guideline value of Pullapuram 21th lane?

The current guideline value of Pullapuram 21th 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 registration office for Pullapuram 21th lane?

The registration office for Pullapuram 21th lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated in Pullapuram 21th lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,38,000.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore with the same guideline value of Rs 3,400 per sq.ft include Pullapuram 20thlane, Pullapuram 22thrd lane, Pullapuram 1st street, Pullapuram 2nd lane, Pullapuram 1st lane, and Pullapuram 2nd street.