Guideline Value for Pushpagiri Salai

Pushpagiri Salai guideline value

The current guideline value of Pushpagiri Salai is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Padappai village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pushpagiri Salai has changed

The guideline value for Pushpagiri Salai has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 85 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, but then decreased to Rs 502 per sq.ft in 2017. The 2023 revision saw a rise to Rs 750 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 830 per sq.ft. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was a remarkable increase of 782%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 876%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft, which aligns with the guideline value of Pushpagiri Salai.

• Radha Nagar: Rs 1,320 per sq.ft (2024)
• Radiance Smartville: Rs 2,470 per sq.ft (2024)
• Primier Nagar: Rs 990 per sq.ft (2024)
• P.M.D Nagar: Rs 3,300 per sq.ft (2024)
• Rajeswari Nagar: Rs 1,320 per sq.ft (2024)
• Perumal Koil Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpagiri Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value is Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, making the total cost for these fees Rs 74,700. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pushpagiri Salai?

The Sub Registrar Office that covers Pushpagiri Salai is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Padappai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can affect the overall cost of property transactions.

When purchasing or selling property, it is essential to consider the guideline value to ensure compliance with legal requirements. The registration office will use this value to calculate the necessary fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Pushpagiri Salai?

The current guideline value of Pushpagiri Salai is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 85 per sq.ft in 2007 to Rs 830 per sq.ft in 2024, showing an overall increase of 876% over the years.

What are the stamp duty and registration fees for property in Pushpagiri Salai?

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles registrations for Pushpagiri Salai?

The Padappai Sub Registrar Office handles registrations for Pushpagiri Salai, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to ensure compliance with legal requirements.