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Guideline Value

Corporate

Guideline Value for Purupettai Sardar Lane

₹7700/sq.ft.

The guideline value for Purupettai Sardar Lane in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[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 Purupettai Sardar Lane

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Purupettai Sardar Lane guideline value

The current guideline value of Purupettai Sardar Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Purupettai Sardar Lane has changed

In the 2023 revision, the guideline value was Rs 7,000 per sq.ft. The most recent 2024 revision shows an increase of 10%, bringing the current value to Rs 7,700 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value increased from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, reflecting a rise of 10%. The previous revisions do not provide any figures for this street.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, making the guideline value of Purupettai Sardar Lane below this median.

Stamp duty and registration fee for property in Purupettai Sardar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 more details.

Which Sub Registrar Office covers Purupettai Sardar Lane?

The Sub Registrar Office that covers Purupettai Sardar Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find your SRO for more assistance.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value plays a crucial role in the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that need to be paid based on the property's value.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Purupettai Sardar Lane?

The current guideline value of Purupettai Sardar Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, with a 10% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Mylapore Part 2?

Other streets in Mylapore Part 2 have varying guideline values, with the median being Rs 8,800 per sq.ft. Streets like Pycrofts Nagar have a value of Rs 13,200 per sq.ft, while several others, including Pudupet Garden Street and its lanes, are valued at Rs 7,700 per sq.ft.

What is the stamp duty rate for properties in Purupettai Sardar Lane?

The stamp duty rate for properties in Purupettai Sardar Lane is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of the property.

Where can I find the Sub Registrar Office for Purupettai Sardar Lane?

The Sub Registrar Office for Purupettai Sardar Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find more information online.