Guideline Value for PUSHPA NAGAR 4TH CROSS STREET

Pushpa Nagar 4th Cross Street guideline value

The current guideline value of Pushpa Nagar 4th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Pushpa Nagar 4th Cross Street has changed

Over the years, the guideline value of Pushpa Nagar 4th Cross Street has seen several revisions. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, the value then increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2017 revision is notable for a substantial increase of 49% from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft in 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Pushpa Nagar 4th Cross Street's 2024 figure below that median.

• Pushpa Nagar 5th Cross Street: Rs 1,650 per sq.ft (2024)
• Pushpa Nagar 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Pushpa Nagar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Pushpa Nagar 1st Main Road: Rs 1,650 per sq.ft (2024)
• Puspha Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Puspha Nagar Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpa Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pushpa Nagar 4th Cross Street?

The Sub Registrar Office that covers Pushpa Nagar 4th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

When buying or selling property in Iyyappanthangal, the guideline value serves as a benchmark for determining the registration fees and stamp duty applicable during the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

The registration process requires that the property be registered at the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pushpa Nagar 4th Cross Street?

The current guideline value of Pushpa Nagar 4th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Pushpa Nagar 4th Cross Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500 based on the current guideline value.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Pushpa Nagar 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value used in property transactions?

The guideline value is used to determine the registration fees and stamp duty during property transactions. It is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.