Guideline Value for PUSHPHA THANDA NAGAR EXTN

Pushpha Thanda Nagar Extn guideline value

The current guideline value of Pushpha Thanda Nagar Extn is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Vinjiyampakkam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Pushpha Thanda Nagar Extn has changed

Over the years, the guideline value for Pushpha Thanda Nagar Extn has seen significant changes. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it was increased to Rs 670 per sq.ft. However, in the 2023 revision, the value jumped to Rs 1,000 per sq.ft, and the latest 2024 revision has seen it rise to Rs 2,000 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The most remarkable change is the 100% increase from 2023 to 2024, bringing the overall change from 2012 to 2024 to a total increase of 100%.

Guideline values in Vinjiyampakkam

In Vinjiyampakkam, seven streets under the Chengleput Joint II SRO have a 2024 guideline value ranging from Rs 1,500 to Rs 2,300 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Pushpha Thanda Nagar Extn is above this median, reflecting its current rate of Rs 2,000 per sq.ft.

• Pushpha Thanda Nagar: Rs 2,000 per sq.ft (2024)
• Ohm Shakthi Nagar: Rs 1,500 per sq.ft (2024)
• Singai Nagar: Rs 1,500 per sq.ft (2024)
• V.I.P.Nagar: Rs 1,500 per sq.ft (2024)
• V.I.P. Nagar Extension: Rs 1,500 per sq.ft (2024)
• ஸ்ரீ விக்னேஷ் குமார் நகர்: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpha Thanda Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total fees Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pushpha Thanda Nagar Extn?

The Sub Registrar Office that covers Pushpha Thanda Nagar Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vinjiyampakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When a property is sold, the sale price must be at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount will be used to calculate the applicable fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Pushpha Thanda Nagar Extn?

The current guideline value of Pushpha Thanda Nagar Extn is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 2,000 per sq.ft in 2024, reflecting a 100% increase overall. There were fluctuations in between, including a decrease in 2017 and significant increases in 2023 and 2024.

What is the land classification for Pushpha Thanda Nagar Extn?

The land classification for Pushpha Thanda Nagar Extn is Residential Special Type - I, which is relevant for determining the usage and regulations for properties in this area.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 20,00,000, the total fees would be Rs 1,80,000.

Which office handles registrations for Pushpha Thanda Nagar Extn?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, handles registrations for Pushpha Thanda Nagar Extn.