Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Purusothaman Nagar 2nd Cross Street

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 2nd Cross Street in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹525 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Purusothaman Nagar 2nd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Purusothaman Nagar 2nd Cross Street guideline value

The current guideline value of Purusothaman Nagar 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, classified as Mixed Type - I land.

How the guideline value of Purusothaman Nagar 2nd Cross Street has changed

The guideline value for Purusothaman Nagar 2nd Cross Street has seen significant changes over the years. In 2007, the value was Rs 525 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 662%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 738%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, indicating that Purusothaman Nagar 2nd Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Purusothaman Nagar 2nd Cross Street?

The Sub Registrar Office that covers Purusothaman Nagar 2nd Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Hastinapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This value is essential for legal compliance and accurate financial planning.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 2nd Cross Street?

The current guideline value of Purusothaman Nagar 2nd Cross Street is Rs 4,400 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 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 738% over the years.

What is the stamp duty for property in Purusothaman Nagar 2nd Cross Street?

The stamp duty for property in Purusothaman Nagar 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Purusothaman Nagar 2nd Cross Street?

The Pallavaram Sub Registrar Office handles registrations for Purusothaman Nagar 2nd Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What are the guideline values for other streets in Hastinapuram?

Other streets in Hastinapuram under the Pallavaram SRO have guideline values ranging from Rs 1,650 to Rs 4,400 per sq.ft, with Purusothaman Nagar 2nd Cross Street being at the higher end of this range.