Guideline Value for PUSHPARAJ NAIDU STREET, RAILWAY LINE NORTHERN SIDE

Pushparaj Naidu Street, Railway Line Northern Side guideline value

The current guideline value of Pushparaj Naidu Street, Railway Line Northern Side is Rs 801 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Pushparaj Naidu Street, Railway Line Northern Side has changed

The guideline value of Pushparaj Naidu Street has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and then to Rs 801 per sq.ft in 2024, marking a 14% increase from the previous year. The overall change from 2012 to 2024 reflects a 14% increase.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are a total of 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, indicating that the guideline value of Pushparaj Naidu Street is below this median.

• Radhakrishnan Street, Charles Nagar: Rs 988 per sq.ft (2024)
• P.T.M.S.Street, Ambedkar Nagar: Rs 988 per sq.ft (2024)
• Profeser Street: Rs 988 per sq.ft (2024)
• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Railway Line Streets (South): Rs 988 per sq.ft (2024)
• Rajagopal Street, (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Pushparaj Naidu Street, Railway Line Northern Side

For a 1,000 sq.ft plot at the current guideline value of Rs 801 per sq.ft, the total guideline value would be Rs 8,01,000. The stamp duty at 7% would amount to Rs 56,070, while the registration fee at 2% would be Rs 16,020, bringing the total fees to Rs 72,090. It is important to note that 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 Pushparaj Naidu Street, Railway Line Northern Side?

The Sub Registrar Office that covers Pushparaj Naidu Street is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the local regulations. This helps in avoiding any discrepancies during the registration process and ensures that all fees are accurately calculated.

Frequently asked questions

What is the current guideline value of Pushparaj Naidu Street?

The current guideline value of Pushparaj Naidu Street, Railway Line Northern Side is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 801 per sq.ft in 2024.

What is the land classification for Pushparaj Naidu Street?

Pushparaj Naidu Street is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,01,000, the stamp duty would be Rs 56,070 and the registration fee would be Rs 16,020, totaling Rs 72,090.

Where is the Sub Registrar Office for Pushparaj Naidu Street located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.