Guideline Value for ASHOK PUSHPAVANAM

Ashok Pushpavanam guideline value

The current guideline value of Ashok Pushpavanam is Rs 1,075 per sq.ft, effective from 1 July 2024. This street is located in Seemapuram village under the Redhills SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Ashok Pushpavanam has changed

The guideline value for Ashok Pushpavanam has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,075 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 980 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Looking back, the guideline value was Rs 980 per sq.ft in 2023. Prior to that, there are no recorded figures for the years mentioned above. The 2024 revision reflects a significant adjustment in the value for Ashok Pushpavanam.

Guideline values in Seemapuram

In Seemapuram, there are 13 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 110 to Rs 1,600 per sq.ft. The median value across these streets is Rs 220 per sq.ft, placing Ashok Pushpavanam's 2024 figure above this median.

• Ashok Pushpavanam Phase-II: Rs 1,500 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total cost for these fees to Rs 96,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ashok Pushpavanam?

The Sub Registrar Office that covers Ashok Pushpavanam is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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 serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that all transactions are documented accurately and fairly.

Frequently asked questions

What is the current guideline value of Ashok Pushpavanam?

The current guideline value of Ashok Pushpavanam is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 980 per sq.ft in 2023 to Rs 1,075 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Ashok Pushpavanam?

Ashok Pushpavanam falls under the land classification of Residential Special Type - II.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Ashok Pushpavanam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,075 per sq.ft, the stamp duty would amount to Rs 75,250.