Guideline Value for Pullapuram 7th lane

Pullapuram 7th lane guideline value

The current guideline value of Pullapuram 7th 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 7th lane has changed

The guideline value for Pullapuram 7th 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 to Rs 1,000 per sq.ft in 2007, representing a 62% change. Following this, the 2012 revision set the value at Rs 3,100 per sq.ft, a substantial 210% increase from the previous figure.

From 2012 to 2017, the guideline value dropped to Rs 2,077 per sq.ft, reflecting a decrease of 33%. The value rose again to Rs 3,100 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,400 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 509%.

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. Pullapuram 7th lane's 2024 figure is below this median.

• Pullapuram 6th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 8thane: Rs 3,400 per sq.ft (2024)
• Pullapuram 5rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 9th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 4thlane: Rs 3,400 per sq.ft (2024)
• Pullapuram 3rdreet: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 7th lane

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 34,00,000. The stamp duty 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram 7th lane?

The Sub Registrar Office covering Pullapuram 7th 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

The guideline value is an essential factor during property registration in Egmore. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pullapuram 7th lane?

The current guideline value of Pullapuram 7th 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 significantly from Rs 558 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 509%.

What is the stamp duty rate for properties in Pullapuram 7th lane?

The stamp duty rate for properties in Pullapuram 7th lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pullapuram 7th lane located?

The Sub Registrar Office for Pullapuram 7th lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore with the same guideline value of Rs 3,400 per sq.ft include Pullapuram 6th lane, Pullapuram 8thane, Pullapuram 5rd lane, Pullapuram 9th lane, Pullapuram 4thlane, and Pullapuram 3rdreet.