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Guideline Value

Corporate

Guideline Value for Purusothaman Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 2nd 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 2nd Main Road

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Purusothaman Nagar 2nd Main Road guideline value

The current guideline value of Purusothaman Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Hastinapuram village under the Pallavaram SRO, with a land classification of Mixed Type - I.

How the guideline value of Purusothaman Nagar 2nd Main Road has changed

Over the years, the guideline value of Purusothaman Nagar 2nd Main Road has seen significant changes. The 2007 revision set the value at Rs 525 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 662%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The subsequent revisions saw the value rise again to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, 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 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 2nd Main Road's value above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 2nd 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 cost 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Purusothaman Nagar 2nd Main Road?

The Sub Registrar Office covering Purusothaman Nagar 2nd 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 critical factor in the registration process when buying or selling property in Hastinapuram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 2nd Main Road?

The current guideline value of Purusothaman Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much 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 this period.

What is the median guideline value in Hastinapuram?

The median guideline value in Hastinapuram is Rs 2,970 per sq.ft, with Purusothaman Nagar 2nd Main Road's value being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 44,00,000, the total cost for these fees would be Rs 3,96,000.

Where can I find the Sub Registrar Office for this area?

The Pallavaram Sub Registrar Office covers Purusothaman Nagar 2nd Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.