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Guideline Value

Corporate

Guideline Value for Purusothaman Nagar 1st Cross Street

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 1st 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 1st Cross Street

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Purusothaman Nagar 1st Cross Street guideline value

The current guideline value of Purusothaman Nagar 1st 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 1st Cross Street has changed

The guideline value for Purusothaman Nagar 1st Cross Street has seen significant changes over the years. In 2007, the value was Rs 525 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 662%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 4,000 per sq.ft in 2023, followed by another increase to Rs 4,400 per sq.ft in 2024, reflecting a 10% growth.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a remarkable increase of 738%. The register does not provide figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 2,970 per sq.ft, placing Purusothaman Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 1st 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 fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Purusothaman Nagar 1st Cross Street?

The Sub Registrar Office that covers Purusothaman Nagar 1st 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 information.

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

The guideline value plays a crucial role when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 1st Cross Street?

The current guideline value of Purusothaman Nagar 1st 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, reflecting an overall increase of 738% over the years.

What is the median guideline value in Hastinapuram?

The median guideline value for the 277 streets in Hastinapuram under the Pallavaram SRO is Rs 2,970 per sq.ft, which is below the current value of Purusothaman Nagar 1st Cross Street.

What are the registration fees for properties in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in this area?

The Pallavaram Sub Registrar Office is responsible for handling property registrations in Purusothaman Nagar 1st Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.