Guideline Value for Pullapuram 8thane

Pullapuram 8thane guideline value

The current guideline value of Pullapuram 8thane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Pullapuram 8thane has changed

Over the years, the guideline value of Pullapuram 8thane has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,100 per sq.ft in 2012, marking a 210% rise. However, the value then decreased to Rs 2,077 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw the value rise again to Rs 3,100 per sq.ft, and most recently, the 2024 revision set the current value at Rs 3,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 240%. It is important to note that there are no figures available for the revisions in 2002 and 2003 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, with a median value of Rs 7,100 per sq.ft. The guideline value for Pullapuram 8thane is below this median.

• Pullapuram 7th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 9th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 6th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 5rd lane: Rs 3,400 per sq.ft (2024)
• Pumping Station road: Rs 7,100 per sq.ft (2024)
• Pullapuram 4th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram 8thane

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 cost to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pullapuram 8thane?

The Sub Registrar Office that covers Pullapuram 8thane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more details, you can find your SRO.

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

The guideline value is an essential 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 based on this value.

When buying or selling property, it is crucial for both parties to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Pullapuram 8thane?

The current guideline value of Pullapuram 8thane 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 1,000 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 240% over this period.

What is the land classification for Pullapuram 8thane?

Pullapuram 8thane is classified under Residential Class III Type - II land classification.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 34,00,000, the total fees would amount to Rs 3,06,000.

Where can I find the Sub Registrar Office for Pullapuram 8thane?

The Sub Registrar Office covering Pullapuram 8thane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.