Guideline Value

Corporate

Guideline Value for Purusothaman Nagar 1st Main Road

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 1st Main Road 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 Main Road

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Purusothaman Nagar 1st Main Road guideline value

The current guideline value of Purusothaman Nagar 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Purusothaman Nagar 1st Main Road has changed

The guideline value for Purusothaman Nagar 1st Main Road has seen significant changes over the years. In the 2007 revision, 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, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023 and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 738%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with 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 Main Road above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Purusothaman Nagar 1st Main Road?

The Sub Registrar Office that covers Purusothaman Nagar 1st Main Road 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 is a crucial factor in property transactions in Hastinapuram, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

During the registration process, the buyer must pay the applicable stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, which is essential for local development and infrastructure.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 1st Main Road?

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

What is the stamp duty rate for properties in Purusothaman Nagar 1st Main Road?

The stamp duty rate for properties in Purusothaman Nagar 1st Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Purusothaman Nagar 1st Main Road?

The Sub Registrar Office for Purusothaman Nagar 1st Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What other streets have the same guideline value in Hastinapuram?

Other streets in Hastinapuram that share the same guideline value of Rs 4,400 per sq.ft include Purusothaman Nagar 1st Cross Street, Purusothaman Nagar 2nd Cross Street, Purusothaman Nagar, Purusothaman Nagar 2nd Main Road, Purusothaman Nagar 3rd Cross Street, and Purusothaman Nagar 3rd Main Road.