Guideline Value for Pump Room Street

Pump Room Street guideline value

The current guideline value of Pump Room Street in Nemili_B village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Pump Room Street has changed

The guideline value for Pump Room Street has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 200 per sq.ft, which was then reduced by 25% to Rs 150 per sq.ft in the 2024 revision.

This change reflects a significant decrease in the guideline value from the previous year. The current value of Rs 150 per sq.ft is now below the median guideline value of Rs 250 per sq.ft for the 97 streets in Nemili_B under the Sriperumpudur SRO.

Guideline values in Nemili_B

In Nemili_B, the guideline values range from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Pump Room Street's 2024 guideline value is below this median, indicating a lower valuation compared to other streets in the area.

• Prince Paradise (Prince Residencia): Rs 1,000 per sq.ft (2024)
• Prime City: Rs 200 per sq.ft (2024)
• Prasannalaxmi Nagar: Rs 200 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Rajan Nagar: Rs 300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pump Room Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000. Together, the total fees would be Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Pump Room Street?

The Sub Registrar Office that covers Pump Room Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nemili_B. 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 registered, the guideline value is used to calculate these fees, ensuring that both buyers and sellers are aware of the financial obligations involved. The guideline value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pump Room Street?

The current guideline value of Pump Room Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pump Room Street has changed from Rs 200 per sq.ft in 2023 to Rs 150 per sq.ft in 2024, reflecting a decrease of 25%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Nemili_B?

The median guideline value in Nemili_B is Rs 250 per sq.ft. Pump Room Street's current guideline value of Rs 150 per sq.ft is below this median.

What are the stamp duty and registration fees for property in Pump Room Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers the registration for Pump Room Street?

The Sriperumpudur Sub Registrar Office covers the registration for Pump Room Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.