Guideline Value for ASHOK PUSHPAVANAM PHASE-II

Ashok Pushpavanam Phase-II guideline value

The current guideline value of Ashok Pushpavanam Phase-II is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Seemapuram village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Ashok Pushpavanam Phase-II has changed

The guideline value for Ashok Pushpavanam Phase-II has remained consistent at Rs 1,500 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

This indicates that from 2023 to 2024, there was no change in the guideline value, with an increase of 0%. The current figure reflects the ongoing valuation set by the Registration Department's guideline value register (TNReginet).

Guideline values in Seemapuram

In Seemapuram, there are 13 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 110 to Rs 1,600 per sq.ft, with a median value of Rs 220 per sq.ft. The guideline value of Ashok Pushpavanam Phase-II is above this median.

• Ashok Pushpavanam: Rs 1,075 per sq.ft (2024)
• Anaikkattu Street: Rs 110 per sq.ft (2024)
• Chakkili Street: Rs 110 per sq.ft (2024)
• Kadaisi Street: Rs 110 per sq.ft (2024)
• Kavarai Street: Rs 220 per sq.ft (2024)
• Kinaru Street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Pushpavanam Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ashok Pushpavanam Phase-II?

The Sub Registrar Office that covers Ashok Pushpavanam Phase-II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Seemapuram

The guideline value plays a crucial role during the registration of property transactions in Seemapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ashok Pushpavanam Phase-II?

The current guideline value of Ashok Pushpavanam Phase-II is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Seemapuram?

Other streets in Seemapuram have varying guideline values, ranging from Rs 110 to Rs 1,600 per sq.ft. Ashok Pushpavanam Phase-II is above the median value of Rs 220 per sq.ft.

What are the stamp duty and registration fees for properties in Ashok Pushpavanam Phase-II?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Ashok Pushpavanam Phase-II?

The Redhills Sub Registrar Office covers Ashok Pushpavanam Phase-II, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.