Guideline Value for Pullapuram 2nd street

Pullapuram 2nd street guideline value

The current guideline value of Pullapuram 2nd street 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 (SRO) and is classified as Residential Class III Type - II.

How the guideline value of Pullapuram 2nd street has changed

The guideline value for Pullapuram 2nd street has undergone 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 then saw a significant increase of 62% to reach Rs 1,000 per sq.ft in 2007. Following that, in 2012, the value was revised to Rs 3,100 per sq.ft, reflecting a substantial increase of 210% from the previous figure.

In 2017, the guideline value dropped to Rs 2,077 per sq.ft, a decrease of 33%. However, from 2017 to 2023, it rose by 49% to Rs 3,100 per sq.ft. The most recent revision in 2024 has set the value at Rs 3,400 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the revisions from years not listed in the register.

Guideline values in Egmore

In Egmore village, 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 2nd street's 2024 figure is below this median.

• Pullapuram 2nd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 22thrd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram3rdreet: Rs 3,400 per sq.ft (2024)
• Pullapuram 21th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 4thlane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 2nd street

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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram 2nd street?

The Sub Registrar Office that covers Pullapuram 2nd street 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 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 is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

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

The current guideline value of Pullapuram 2nd street 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 this period.

What is the classification of Pullapuram 2nd street?

Pullapuram 2nd street is classified as Residential Class III Type - II under the Periamet SRO.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 3,06,000 in fees at the current guideline value.

Where can I find the Sub Registrar Office for Pullapuram 2nd street?

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