Guideline Value for Pullapuram3rdreet

Pullapuram3rdreet guideline value

The current guideline value of Pullapuram3rdreet is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Pullapuram3rdreet has changed

The guideline value for Pullapuram3rdreet has undergone several revisions since 2007. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012, marking a 210% rise. However, from 2012 to 2017, the value decreased to Rs 2,077 per sq.ft, reflecting a decline of 33%. The subsequent revision in 2023 saw the value increase to Rs 3,100 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 240%. It is important to note that the register has no figure for Pullapuram3rdreet for the years 2002 and 2003.

Guideline values in Egmore

In Egmore village, 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 Pullapuram3rdreet is below this median.

• Pullapuram 3rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 4th lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd street: Rs 3,400 per sq.ft (2024)
• Pullapuram 5rd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 2nd lane: Rs 3,400 per sq.ft (2024)
• Pullapuram 6th lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pullapuram3rdreet

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, and the registration fee at 2% would be Rs 68,000, bringing the total costs together to Rs 3,06,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pullapuram3rdreet?

The Sub Registrar Office that covers Pullapuram3rdreet 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 a critical factor in the registration process 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 transaction is documented at a fair value.

When buying or selling property, the guideline value influences the stamp duty and registration fees that are applicable. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Pullapuram3rdreet?

The current guideline value of Pullapuram3rdreet 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 rates for properties in Pullapuram3rdreet?

The stamp duty for properties in Pullapuram3rdreet is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Pullapuram3rdreet?

The Sub Registrar Office for Pullapuram3rdreet is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Pullapuram3rdreet?

Pullapuram3rdreet is classified as Residential Class III Type - II, indicating its designation for residential purposes.