Guideline Value for Pullapuram 22thrd lane

Pullapuram 22thrd lane guideline value

The current guideline value of Pullapuram 22thrd lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office, and is classified as Residential Class III Type - II.

How the guideline value of Pullapuram 22thrd lane has changed

The guideline value of Pullapuram 22thrd lane has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012. However, the value then decreased to Rs 2,077 per sq.ft in 2017. The 2023 revision marked an increase to Rs 3,100 per sq.ft, and the most recent 2024 revision has raised it further to Rs 3,400 per sq.ft.

Between the revisions, the changes in guideline value are notable. From 2007 to 2012, there was a remarkable increase of 210%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 240% from 2007 to 2024. The register has no figures for the years 2002 and 2003 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. The median value for these streets is Rs 7,100 per sq.ft, placing Pullapuram 22thrd lane's 2024 figure below that median.

• Pullapuram 21th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 20th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd street: Rs 3,400 per sq.ft (2024)
• Pullapuram 1st street: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rd lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 22thrd 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, making the total cost 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pullapuram 22thrd lane?

The Sub Registrar Office that covers Pullapuram 22thrd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor during property transactions in Egmore, as it determines the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid disputes during the registration process.

When a property is sold, the guideline value will influence the stamp duty and registration fees applicable. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is essential for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Pullapuram 22thrd lane?

The current guideline value of Pullapuram 22thrd 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 1,000 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 240% over the years.

What is the land classification for Pullapuram 22thrd lane?

Pullapuram 22thrd lane is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where can I find the registration office for Pullapuram 22thrd lane?

The registration office for Pullapuram 22thrd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Pullapuram 22thrd lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000.