Guideline Value for SUPER LUCK CITY

Super Luck City guideline value

The current guideline value of Super Luck City, located in Perungavur village, under the Redhills SRO, is Rs 385 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Super Luck City has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure then decreased to Rs 234 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 350 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, bringing the current guideline value to Rs 385 per sq.ft.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, and the guideline value for Super Luck City is above this median.

• Super Luck City Annex: Rs 385 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 220 per sq.ft (2024)
• Sri Selva Vigneshwar Nagar: Rs 385 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 385 per sq.ft (2024)
• Sri Sainagar @ Gomathi Amman Nagar Phase - II: Rs 275 per sq.ft (2024)
• Sri Sai Nagar: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Super Luck City

For a 1,000 sq.ft plot at the current rate of Rs 385 per sq.ft, the guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, totaling Rs 34,650. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Super Luck City?

The Sub Registrar Office that covers Super Luck City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Perungavur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value is referenced to determine the official value of the transaction. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Super Luck City?

The current guideline value of Super Luck City is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

What is the land classification of Super Luck City?

Super Luck City is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Super Luck City?

The Sub Registrar Office for Super Luck City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Super Luck City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 385 per sq.ft would incur a total stamp duty and registration fee of Rs 34,650.