Guideline Value for Pushpa Kanth Nagar

Pushpa Kanth Nagar guideline value

The current guideline value of Pushpa Kanth Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This locality is situated in Gooduvancheri village, which falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pushpa Kanth Nagar has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. The most recent 2024 revision has maintained this value at Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, indicating stability in the recent revisions.

Guideline values in Gooduvancheri

Gooduvancheri village has a total of 129 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Pushpa Kanth Nagar's 2024 figure below that median.

• Pushapa Avenue: 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 Pushpa Kanth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pushpa Kanth Nagar?

The Sub Registrar Office that covers Pushpa Kanth Nagar 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 in property transactions in Gooduvancheri. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is vital for legal and taxation purposes. It is essential to consult the latest guideline values to understand the financial implications of property transactions in Gooduvancheri.

Frequently asked questions

What is the current guideline value of Pushpa Kanth Nagar?

The current guideline value of Pushpa Kanth Nagar 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, and it has increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024.

What is the land classification for Pushpa Kanth Nagar?

Pushpa Kanth Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the registration fees for property in Pushpa Kanth Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pushpa Kanth Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.