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Guideline Value

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Guideline Value for Purusothaman Nagar 3rd Cross Street

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 3rd 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 3rd Cross Street

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Purusothaman Nagar 3rd Cross Street guideline value

The current guideline value of Purusothaman Nagar 3rd Cross Street 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 with a land classification of Mixed Type - I.

How the guideline value of Purusothaman Nagar 3rd Cross Street has changed

The guideline value for Purusothaman Nagar 3rd 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 reduction of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting an increase of 49%. The latest revision in 2024 has set the value at Rs 4,400 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 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 value for these streets is Rs 2,970 per sq.ft, placing Purusothaman Nagar 3rd Cross Street above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 44,00,000. The stamp duty is calculated at 7%, which totals Rs 3,08,000, and the registration fee is 2%, amounting to Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. It is important to note that 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 3rd Cross Street?

The Sub Registrar Office that covers Purusothaman Nagar 3rd 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 during the registration of property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 3rd Cross Street?

The current guideline value of Purusothaman Nagar 3rd 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 this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for this street?

The Pallavaram Sub Registrar Office is responsible for Purusothaman Nagar 3rd Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Purusothaman Nagar 3rd Cross Street?

The land classification for Purusothaman Nagar 3rd Cross Street is Mixed Type - I, indicating a diverse usage of land in the area.