Guideline Value for Pullapuram 5rd lane

Pullapuram 5rd lane guideline value

The current guideline value of Pullapuram 5rd lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of Pullapuram 5rd lane has changed

The guideline value for Pullapuram 5rd lane has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012. However, this figure dropped to Rs 2,077 per sq.ft in 2017. The value then rose to Rs 3,100 per sq.ft in 2023 before reaching the current rate of Rs 3,400 per sq.ft in 2024.

Between the revisions, notable changes include a 210% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with 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. The guideline value of Pullapuram 5rd lane is below this median.

• Pullapuram 4th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 6th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rdreet: Rs 3,400 per sq.ft (2024)
• Pullapuram 7th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 5rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 8thane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 5rd 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 at 7% would be Rs 2,38,000, while the registration fee at 2% would be Rs 68,000, making a total of 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 5rd lane?

The Sub Registrar Office that covers Pullapuram 5rd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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 that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pullapuram 5rd lane?

The current guideline value of Pullapuram 5rd 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 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 are the stamp duty and registration fees for properties in Pullapuram 5rd lane?

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

Which Sub Registrar Office covers Pullapuram 5rd lane?

The Periamet Sub Registrar Office covers Pullapuram 5rd lane, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Egmore?

The median guideline value in Egmore is Rs 7,100 per sq.ft, while Pullapuram 5rd lane's guideline value is below this median.