Guideline Value for PUSHPHA THANDA NAGAR

Pushpha Thanda Nagar guideline value

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

How the guideline value of Pushpha Thanda Nagar has changed

The guideline value for Pushpha Thanda Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,000 per sq.ft. This figure remained the same until the 2017 revision, which decreased to Rs 670 per sq.ft. However, in 2023, the value increased significantly to Rs 1,000 per sq.ft, and then further rose to Rs 2,000 per sq.ft in the 2024 revision, marking a 100% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value has been an increase of 100%. The 2023 to 2024 revision saw a notable jump of 100%, while the increase from 2017 to 2023 was 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vinjiyampakkam

In Vinjiyampakkam, there are seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,500 to Rs 2,300 per sq.ft. The guideline value of Pushpha Thanda Nagar is above the median value of Rs 1,500 per sq.ft for the area.

• Pushpha Thanda Nagar Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pushpha Thanda Nagar?

Pushpha Thanda Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 during the registration of property transactions in Vinjiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pushpha Thanda Nagar?

The current guideline value of Pushpha Thanda Nagar 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 an overall increase of 100% over this period.

What is the land classification of Pushpha Thanda Nagar?

Pushpha Thanda Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pushpha Thanda Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 20,00,000 would incur a stamp duty of Rs 1,40,000 at a rate of 7%.