Guideline Value

Corporate

Guideline Value for Purusothaman Nagar 5th Main Road

₹4400/sq.ft.

The guideline value for Purusothaman Nagar 5th 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 5th Main Road

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Purusothaman Nagar 5th Main Road guideline value

The current guideline value of Purusothaman Nagar 5th Main Road 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 5th Main Road has changed

The guideline value for Purusothaman Nagar 5th Main Road has seen several revisions over the years. In 2007, the value was Rs 525 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision in 2024 saw it rise to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 738%. The register does not contain 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 5th Main Road above this median.

Stamp duty and registration fee for property in Purusothaman Nagar 5th 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 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 5th Main Road?

The Sub Registrar Office that covers Purusothaman Nagar 5th 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

When buying or selling property in Hastinapuram, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the property transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Purusothaman Nagar 5th Main Road?

The current guideline value of Purusothaman Nagar 5th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 525 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 738%.

What is the median guideline value in Hastinapuram?

The median guideline value for streets in Hastinapuram is Rs 2,970 per sq.ft, with Purusothaman Nagar 5th Main Road being above this median at Rs 4,400 per sq.ft.

What are the registration fees for property in Purusothaman Nagar 5th Main Road?

The registration fees include a stamp duty of 7% and a registration fee of 2%, calculated on the higher of the guideline value or the sale price.

Which office handles registrations for Purusothaman Nagar 5th Main Road?

The Pallavaram Sub Registrar Office handles registrations for Purusothaman Nagar 5th Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.