Guideline Value for Pumping Station Road

Pumping Station Road guideline value

The current guideline value of Pumping Station Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Chindadripet village under the Periamet SRO and is classified as Residential Class I Type - II.

How the guideline value of Pumping Station Road has changed

The guideline value for Pumping Station Road has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The 2023 revision saw a rise to Rs 3,500 per sq.ft, and the most recent 2024 revision has set it at Rs 3,800 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2007 to 2024, the guideline value has increased by 533%. The changes between the revisions include a 483% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then rose by 49% from 2017 to 2023 and finally increased by 9% from 2023 to 2024.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Pumping Station Road's 2024 figure above this median.

• RajaGopal Lane: Rs 2,600 per sq.ft (2024)
• RajaGopal Naicken Street: Rs 2,600 per sq.ft (2024)
• Pantheon Road: Rs 18,100 per sq.ft (2024)
• Rex Street: Rs 2,500 per sq.ft (2024)
• Palli Street: Rs 3,800 per sq.ft (2024)
• Palani Andavar Koil street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pumping Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty is charged at 7%, which would be Rs 2,66,000, and the registration fee at 2% amounts to Rs 76,000. Together, these fees total Rs 3,42,000. 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 Pumping Station Road?

The Sub Registrar Office that covers Pumping Station Road 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 Chindadripet

The guideline value is a crucial factor when registering property transactions in Chindadripet. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Pumping Station Road?

The current guideline value of Pumping Station Road is Rs 3,800 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 600 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 533% over the years.

What are the stamp duty and registration fees for property in Pumping Station Road?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers this area?

The Periamet Sub Registrar Office covers Pumping Station Road, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Pumping Station Road?

Pumping Station Road is classified as Residential Class I Type - II, indicating its suitability for residential development.