Guideline Value for Pullapuram 3rd lane

Pullapuram 3rd lane guideline value

The current guideline value of Pullapuram 3rd lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Pullapuram 3rd lane has changed

The guideline value for Pullapuram 3rd 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 then experienced a significant increase of 62% to reach Rs 1,000 per sq.ft in 2007. Following that, the guideline value surged by 210% to Rs 3,100 per sq.ft in 2012. However, it dropped by 33% to Rs 2,077 per sq.ft in 2017. The value then rose again by 49% to Rs 3,100 per sq.ft in 2023, and finally, it increased by 10% to the current value of Rs 3,400 per sq.ft in 2024.

There are no figures available for revisions other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 509%.

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. The median value for these streets is Rs 7,100 per sq.ft, placing Pullapuram 3rd lane's 2024 figure below that median.

• Pullapuram 2nd street: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rdreet: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 4thlane: Rs 3,400 per sq.ft (2024)
• Pullapuram 22thrd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 5rd lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 3rd 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, charged 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram 3rd lane?

The Sub Registrar Office that covers Pullapuram 3rd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To locate your SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for buyers and sellers, as it impacts the overall cost of property transactions. It is advisable to check the latest guideline values to ensure accurate calculations during the registration process.

Frequently asked questions

What is the current guideline value of Pullapuram 3rd lane?

The current guideline value of Pullapuram 3rd lane is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 558 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, which is an overall increase of 509%.

What is the land classification for Pullapuram 3rd lane?

The land classification for Pullapuram 3rd lane is Residential Class III Type - II.

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

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Pullapuram 3rd lane located?

The Sub Registrar Office covering Pullapuram 3rd lane is located at 1103, Poonamallee High Road, Chennai-600 003.