Guideline Value for SUPERB AVENUE

Superb Avenue guideline value

The current guideline value of Superb Avenue is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Puthupakkam village and falls under the Thiruporur SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Superb Avenue has changed

Looking at the revisions, the guideline value for Superb Avenue was Rs 1,100 per sq.ft in 2012. This decreased to Rs 737 per sq.ft in 2017, marking a decline of 33%. However, in the subsequent revision in 2023, the guideline value increased significantly to Rs 1,200 per sq.ft, reflecting a rise of 63% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has seen a modest increase of 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Puthupakkam

Currently, there are no specific village figures provided for Puthupakkam. Superb Avenue is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in Superb Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total fees would be Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Superb Avenue?

The Sub Registrar Office that covers Superb Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Puthupakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property, it is essential to be aware of the current guideline value as it can significantly impact the overall cost of the transaction. Ensuring that you have the latest figures will help you budget appropriately for these additional expenses.

Frequently asked questions

What is the current guideline value of Superb Avenue?

The current guideline value of Superb Avenue is Rs 1,200 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, and then increased to Rs 1,200 per sq.ft in 2023.

What is the land classification for Superb Avenue?

The land classification for Superb Avenue is Commercial Class I Type - III.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000.