Guideline Value for Pushpha Nagar

Pushpha Nagar guideline value

The current guideline value of Pushpha Nagar, located in Agaram Male village under the Poonamallee SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Pushpha Nagar has changed

The guideline value for Pushpha Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,800 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Pushpha Nagar.

• Pachaivarana Perumal Koil Street: Rs 550 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Santhammal Nagar: Rs 770 per sq.ft (2024)
• Saranya Nagar: Rs 770 per sq.ft (2024)
• Sarathambal Nagar: Rs 770 per sq.ft (2024)
• Shree Vari Nagar: Rs 1,642 per sq.ft (2024)

Stamp duty and registration fee for property in Pushpha Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 accurate calculations.

Which Sub Registrar Office covers Pushpha Nagar?

The Sub Registrar Office that covers Pushpha Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Agaram Male. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value helps establish a baseline for pricing and ensures compliance with local regulations regarding property transactions. Buyers and sellers should be aware of these values to facilitate smooth and legal property transfers.

Frequently asked questions

What is the current guideline value of Pushpha Nagar?

The current guideline value of Pushpha Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Pushpha Nagar?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations in Pushpha Nagar?

The Poonamallee Sub Registrar Office handles property registrations for Pushpha Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Pushpha Nagar?

Pushpha Nagar is classified as Residential Special Type - I, which is relevant for determining its guideline value and usage in property transactions.