Guideline Value

Corporate

Guideline Value for Pumping Station road

₹7100/sq.ft.

The guideline value for Pumping Station Road in Egmore village (Periamet SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹501 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹454 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pumping Station Road

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Pumping Station road guideline value

The current guideline value of Pumping Station road is Rs 7,100 per sq.ft, effective from 1 July 2024. This road is located in Egmore village under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Pumping Station road has changed

The guideline value for Pumping Station road has seen significant changes over the years. In 2002, the value was Rs 454 per sq.ft, which increased to Rs 501 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 1,000 per sq.ft in 2007, reflecting a substantial 100% increase. By 2012, the value was Rs 6,500 per sq.ft, showing an impressive 550% rise from the previous revision. However, it decreased by 33% to Rs 4,355 per sq.ft in 2017. The value further increased to Rs 6,500 per sq.ft in 2023, and finally, it rose to Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,464%. There are no figures available for the revisions in years other than those listed.

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. The median value is Rs 7,100 per sq.ft, which matches the current value of Pumping Station road.

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 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pumping Station road?

The Sub Registrar Office covering 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 information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are fairly assessed according to the established guideline values.

Frequently asked questions

What is the current guideline value of Pumping Station road?

The current guideline value of Pumping Station road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 454 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1,464% over the years.

What is the stamp duty rate for property in Pumping Station road?

The stamp duty rate for property transactions in Pumping Station road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pumping Station road?

The Sub Registrar Office for Pumping Station road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the fees are assessed based on the established values for properties in the area.