Guideline Value for Pushapa Avenue

Pushapa Avenue guideline value

The current guideline value of Pushapa Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pushapa Avenue has changed

The guideline value for Pushapa Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 1,200 per sq.ft. The 2024 revision has retained this value of Rs 1,200 per sq.ft, resulting in a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The overall change from 2017 to 2024 is an increase of 49%, with no change from 2023 to 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, positioning Pushapa Avenue's 2024 figure below this median.

• Pushpa Kanth Nagar: Rs 1,200 per sq.ft (2024)
• Radhakrishnan Street: Rs 2,001 per sq.ft (2024)
• P.R.V. Nagar: Rs 1,500 per sq.ft (2024)
• Priya Nagar Ext. I & II & III: Rs 1,500 per sq.ft (2024)
• Priya Nagar: Rs 1,500 per sq.ft (2024)
• Railwaystation Road: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Pushapa Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty, charged at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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 to estimate your costs.

Which Sub Registrar Office covers Pushapa Avenue?

The Sub Registrar Office that covers Pushapa Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and 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 Pushapa Avenue?

The current guideline value of Pushapa Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, with a 49% increase from Rs 804 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Gooduvancheri?

The median guideline value for streets in Gooduvancheri is Rs 1,500 per sq.ft, while Pushapa Avenue's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Pushapa Avenue?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registration for Pushapa Avenue?

The Gooduvancheri Sub Registrar Office handles property registration for Pushapa Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.