Guideline Value for Pullapuram 4thlane

Pullapuram 4thlane guideline value

The current guideline value for Pullapuram 4thlane 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 4thlane has changed

The guideline value for Pullapuram 4thlane has seen several revisions over the years. The earliest recorded figure is from 2002, at Rs 558 per sq.ft. This increased to Rs 616 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 1,000 per sq.ft, reflecting a 62% increase. The value continued to rise, reaching Rs 3,100 per sq.ft in 2012, which represented a substantial 210% increase from 2007. However, it then decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value was revised to Rs 3,100 per sq.ft, and then it increased again to Rs 3,400 per sq.ft in 2024, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 509%. There are no figures available for other years 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 is Rs 7,100 per sq.ft, and Pullapuram 4thlane's 2024 figure is below that median.

• Pullapuram 3rd street: Rs 3,400 per sq.ft (2024)
• Pullapuram 5rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 6th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd street: Rs 3,400 per sq.ft (2024)
• Pullapuram 7th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 4thlane

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 charges to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pullapuram 4thlane?

The Sub Registrar Office that covers Pullapuram 4thlane 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 minimum value at which a property can be registered, ensuring that the government receives the appropriate taxes on real estate transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, affecting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pullapuram 4thlane?

The current guideline value of Pullapuram 4thlane 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, representing an overall increase of 509% over this period.

What are the stamp duty and registration fees for property in Pullapuram 4thlane?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000 based on the current guideline value.

Which office handles property registrations for Pullapuram 4thlane?

The Periamet Sub Registrar Office handles property registrations for Pullapuram 4thlane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees, ensuring compliance with government regulations during property transactions.