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Guideline Value

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Guideline Value for Purusothaman Nagar 4th Cross 2nd Street

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 4th Cross 2nd 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 4th Cross 2nd Street

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Purusothaman Nagar 4th Cross 2nd Street guideline value

The current guideline value of Purusothaman Nagar 4th Cross 2nd 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 2nd Street has changed

Over the years, the guideline value for Purusothaman Nagar 4th Cross 2nd Street has seen significant changes. The 2007 revision recorded a value of Rs 525 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 662%. However, this value decreased by 33% to Rs 2,680 per sq.ft in 2017. The subsequent revisions saw a substantial increase, with the value rising to Rs 4,000 per sq.ft in 2023, and then to the current Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 738%. 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 value of Rs 2,970 per sq.ft. The guideline value for Purusothaman Nagar 4th Cross 2nd Street is above the median for the village.

Stamp duty and registration fee for property in Purusothaman Nagar 4th Cross 2nd Street

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Purusothaman Nagar 4th Cross 2nd Street?

The Sub Registrar Office that covers Purusothaman Nagar 4th Cross 2nd 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 critical factor when registering property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can aid in negotiations and finalizing sale agreements. It is essential to consider this value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 4th Cross 2nd Street?

The current guideline value of Purusothaman Nagar 4th Cross 2nd 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, increasing from Rs 525 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 738%.

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 covers this street?

The Pallavaram Sub Registrar Office covers Purusothaman Nagar 4th Cross 2nd Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for this street?

The land classification for Purusothaman Nagar 4th Cross 2nd Street is Mixed Type - I.