Guideline Value for Pullapuram 2nd lane

Pullapuram 2nd lane guideline value

The current guideline value of Pullapuram 2nd 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 2nd lane has changed

The guideline value for Pullapuram 2nd lane has seen several revisions over the years. In 2002, the value was Rs 558 per sq.ft, which increased to Rs 616 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, a 62% increase from the previous year. By 2012, the value was Rs 3,100 per sq.ft, reflecting a substantial 210% increase from 2007. However, it then decreased by 33% to Rs 2,077 per sq.ft in 2017.

The most recent revisions show a steady increase, with the value rising to Rs 3,100 per sq.ft in 2023, and then to Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, the guideline value has increased by 509% from 2002 to 2024.

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 in the area is Rs 7,100 per sq.ft, making the 2024 figure for Pullapuram 2nd lane below this median.

• Pullapuram 22thrd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd street: Rs 3,400 per sq.ft (2024)
• Pullapuram 21th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 20thlane: Rs 3,400 per sq.ft (2024)
• Pullapuram3rdreet: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 2nd 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. Together, the total cost for these fees would be Rs 3,06,000. It is important to note that 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 details.

Which Sub Registrar Office covers Pullapuram 2nd lane?

The Sub Registrar Office that covers Pullapuram 2nd 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

When buying or selling property in Egmore, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the Registration Department and is used to calculate the taxes applicable during the registration process.

It is essential to reference the guideline value during transactions, as it ensures compliance with local regulations. The value can influence the overall costs associated with property transactions, making it a vital factor for buyers and sellers alike.

Frequently asked questions

What is the current guideline value of Pullapuram 2nd lane?

The current guideline value of Pullapuram 2nd 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 increased from Rs 558 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 509% over this period.

What is the median guideline value in Egmore?

The median guideline value in Egmore is Rs 7,100 per sq.ft, which is higher than the current value of Pullapuram 2nd lane.

What fees are associated with buying property in Pullapuram 2nd lane?

When buying property in Pullapuram 2nd lane, the stamp duty is 7% of the guideline value, and the registration fee is 2%. Together, these fees can add a significant amount to the total cost of the property.

Where is the Sub Registrar Office for Pullapuram 2nd lane located?

The Sub Registrar Office for Pullapuram 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.