Guideline Value for SUPPAN STREET

Suppan Street guideline value

The current guideline value of Suppan Street in Thiruvancheri village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Suppan Street has changed

The guideline value of Suppan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a significant increase from the 2023 revision of Rs 1,500 per sq.ft, marking a change of +32%. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, reflecting a 24% increase from the 2017 figure to the 2023 figure. The 2012 revision had set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for Suppan Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Thiruvancheri

In Thiruvancheri village, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the current guideline value for Suppan Street.

• S.V.Farms Cross Streets-II: Rs 2,530 per sq.ft (2024)
• S.V.Farms Paruthi Main Road I: Rs 2,530 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Sriram Nagar: Rs 2,530 per sq.ft (2024)
• Vaijayanthi Mala Bali Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Suppan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suppan Street?

Suppan Street is covered by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvancheri. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Suppan Street?

The current guideline value of Suppan Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 10%. The most significant increase occurred between 2023 and 2024, with a rise of +32%.

Where can I find the registration office for Suppan Street?

The registration office for Suppan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for a property in Suppan Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

What is the land classification for Suppan Street?

Suppan Street is classified as Residential Class I Type - I, which is relevant for determining the guideline value and other regulatory aspects.