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Guideline Value

Corporate

Guideline Value for PUSHPA NAGAR SHANTHI STREET

₹2750/sq.ft.

The guideline value for Pushpa Nagar Shanthi Street in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pushpa Nagar Shanthi Street

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Pushpa Nagar Shanthi Street guideline value

The current guideline value of Pushpa Nagar Shanthi Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Medavakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Pushpa Nagar Shanthi Street has changed

Looking at the historical revisions, the guideline value for Pushpa Nagar Shanthi Street was Rs 1,675 per sq.ft in 2017. This increased to Rs 2,500 per sq.ft in 2012, then decreased to Rs 1,675 per sq.ft in 2017, and finally rose to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 saw a further increase to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is +10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Pushpa Nagar Shanthi Street's 2024 figure above that median.

Stamp duty and registration fee for property in Pushpa Nagar Shanthi Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,50,000. The stamp duty at 7% amounts to Rs 1,92,500, and the registration fee at 2% is Rs 55,000, totaling Rs 2,47,500. Please note that the 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 Pushpa Nagar Shanthi Street?

The Sub Registrar Office covering Pushpa Nagar Shanthi 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 Medavakkam

The guideline value plays a crucial role during property registration in Medavakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value recognized by the government.

When selling property, the guideline value helps in establishing a baseline for the sale price. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their transaction.

Frequently asked questions

What is the current guideline value of Pushpa Nagar Shanthi Street?

The current guideline value of Pushpa Nagar Shanthi Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,500 per sq.ft in 2023, Rs 1,675 per sq.ft in 2017, and Rs 2,500 per sq.ft in 2012. The most recent revision in 2024 increased it to Rs 2,750 per sq.ft.

What is the land classification for Pushpa Nagar Shanthi Street?

The land classification for Pushpa Nagar Shanthi Street is Commercial Class I Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty is Rs 1,92,500 and the registration fee is Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Pushpa Nagar Shanthi Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Pushpa Nagar Shanthi Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.