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Guideline Value

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Guideline Value for Purusothaman Nagar 4th Cross 1st Street

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 4th Cross 1st 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 ₹1920 /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 4th Cross 1st Street

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Purusothaman Nagar 4th Cross 1st Street guideline value

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

How the guideline value of Purusothaman Nagar 4th Cross 1st Street has changed

The guideline value for Purusothaman Nagar 4th Cross 1st Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,920 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a rise of 108%. However, from 2012 to 2017, it dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then climbed to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 4,400 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 129%. It is important to note that there are no figures available for the revisions in 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, with a median of Rs 2,970 per sq.ft. The guideline value for Purusothaman Nagar 4th Cross 1st Street is above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 4th Cross 1st 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Purusothaman Nagar 4th Cross 1st Street?

The Sub Registrar Office that covers Purusothaman Nagar 4th Cross 1st 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 further assistance.

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. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value serves as a benchmark for the pricing of properties in the area.

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

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 4th Cross 1st Street?

The current guideline value for Purusothaman Nagar 4th Cross 1st 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 from Rs 1,920 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 129% over the years.

What are the stamp duty and registration fees for property 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 covers this street?

The Pallavaram Sub Registrar Office covers Purusothaman Nagar 4th Cross 1st Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Purusothaman Nagar 4th Cross 1st Street?

The land classification for Purusothaman Nagar 4th Cross 1st Street is Mixed Type - I.