Guideline Value for Pushpa Street (Venkateswara Nagar)

Pushpa Street (Venkateswara Nagar) guideline value

The current guideline value of Pushpa Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Pushpa Street (Venkateswara Nagar) has changed

The guideline value for Pushpa Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. In the following revision in 2017, the value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no recorded figures for Pushpa Street in the revisions of 2002, 2003, and 2007. Overall, comparing the 2012 value to the 2024 value shows a modest increase of 7% over the twelve years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Pushpa Street's 2024 guideline value of Rs 1,600 per sq.ft is below this median.

• Pushpa Nagar: Rs 1,600 per sq.ft (2024)
• Puthur highways: Rs 2,200 per sq.ft (2024)
• Radha krishnan Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Pudhu Street: Rs 1,900 per sq.ft (2024)
• Ragavendra Street: Rs 2,400 per sq.ft (2024)
• Ragul Street (Imanuel Nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpa Street (Venkateswara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty charged at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pushpa Street (Venkateswara Nagar)?

The Sub Registrar Office covering Pushpa Street (Venkateswara Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Oragadam. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as this will influence the overall costs involved in the transaction. The guideline value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Pushpa Street (Venkateswara Nagar)?

The current guideline value of Pushpa Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Pushpa Street?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Pushpa Street?

The Ambattur Sub Registrar Office handles property registrations for Pushpa Street (Venkateswara Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined in Oragadam?

The guideline value in Oragadam is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in the real estate market.