Guideline Value for Pushpammal Street

Pushpammal Street guideline value

The current guideline value of Pushpammal Street is Rs 4,600 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO with a land classification of Mixed Type - I.

How the guideline value of Pushpammal Street has changed

The guideline value for Pushpammal Street has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 4,200 per sq.ft. This figure then decreased to Rs 2,814 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,200 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the guideline value at Rs 4,600 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no guideline value figures available for Pushpammal Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, placing Pushpammal Street's 2024 figure above this median.

• P.V. city: Rs 3,600 per sq.ft (2024)
• Prithvipakkam West Park street: Rs 4,000 per sq.ft (2024)
• Prithvipakkam East Park street: Rs 4,000 per sq.ft (2024)
• Prithivipakkam Upper canal Road: Rs 4,000 per sq.ft (2024)
• Prithivipakkam Road: Rs 4,000 per sq.ft (2024)
• Ragavendra samy Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpammal Street

For a 1,000 sq.ft plot at the current rate of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pushpammal Street?

The Sub Registrar Office that covers Pushpammal Street 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 Ambattur

The guideline value is an essential factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps to establish a fair transaction price. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Pushpammal Street?

The current guideline value of Pushpammal Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification for Pushpammal Street?

Pushpammal Street has a land classification of Mixed Type - I, which is relevant for understanding the usage and potential development of the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 4,14,000.

Where can I find the Sub Registrar Office for Pushpammal Street?

The Sub Registrar Office for Pushpammal Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.