Guideline Value for PUSHPAVATHI AMMAL STREET

Pushpavathi Ammal Street guideline value

The current guideline value of Pushpavathi Ammal Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Pushpavathi Ammal Street has changed

The guideline value for Pushpavathi Ammal Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 831 per sq.ft. It increased to Rs 922 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,500 per sq.ft in 2007, reflecting a substantial increase of 63%. In the 2012 revision, the guideline value was Rs 8,000 per sq.ft, which was a decrease of 33% from the previous figure. The 2017 revision saw a rise to Rs 5,360 per sq.ft, which was an increase of 49%. The most recent revision in 2023 set the value at Rs 8,000 per sq.ft, and the current value for 2024 is Rs 8,800 per sq.ft, showing an increase of 10%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, and Pushpavathi Ammal Street's 2024 figure is above this median.

• Railway Border 1 Street: Rs 6,600 per sq.ft (2024)
• Railway Border 2 Street: Rs 6,600 per sq.ft (2024)
• Rajagopalan Street: Rs 6,600 per sq.ft (2024)
• Rajaji Street(C.I.T.Nagar): Rs 7,700 per sq.ft (2024)
• Rajaji Street Western Side Of Reddy Kuppam Road Contd: Rs 6,600 per sq.ft (2024)
• Pilliar Koil Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpavathi Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. 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 Pushpavathi Ammal Street?

The Sub Registrar Office that covers Pushpavathi Ammal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mambalam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pushpavathi Ammal Street?

The current guideline value of Pushpavathi Ammal Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 831 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 959%.

What is the land classification for Pushpavathi Ammal Street?

Pushpavathi Ammal Street is classified as Residential Special Type - II.

Where can I find the registration office for Pushpavathi Ammal Street?

The registration office for Pushpavathi Ammal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Mambalam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.