Guideline Value for Pushpayagini Nagar

Pushpayagini Nagar guideline value

The current guideline value of Pushpayagini Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Pushpayagini Nagar has changed

The guideline value for Pushpayagini Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it was raised to Rs 1,000 per sq.ft, marking a significant increase of 49% from 2017 to 2024.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 1,000 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 have no figures recorded for this street in the register.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is the same as the current value for Pushpayagini Nagar.

• Priya Nagar Extn: Rs 1,000 per sq.ft (2024)
• Priya Nagar: Rs 1,000 per sq.ft (2024)
• Perumal Nagar: Rs 1,000 per sq.ft (2024)
• Pearl City Extn: Rs 1,000 per sq.ft (2024)
• Pearl City: Rs 1,000 per sq.ft (2024)
• Revathi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpayagini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, resulting in Rs 70,000, while the registration fee is 2%, amounting to Rs 20,000. Therefore, the total cost for stamp duty and registration fee together is Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pushpayagini Nagar?

The Sub Registrar Office that covers Pushpayagini 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 Adhanoor

The guideline value is a crucial factor when registering property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Pushpayagini Nagar?

The current guideline value of Pushpayagini Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,000 per sq.ft in the 2024 revision, marking a 49% increase overall.

What are the stamp duty rates in Pushpayagini Nagar?

The stamp duty in Pushpayagini Nagar is charged at 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Which office handles property registration in Pushpayagini Nagar?

The Gooduvancheri Sub Registrar Office handles property registration for Pushpayagini Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the median guideline value for streets in Adhanoor?

The median guideline value for the streets in Adhanoor is Rs 1,000 per sq.ft, which is the same as the current guideline value for Pushpayagini Nagar.