Guideline Value for SUPPURAVALAR COLONY 2ND STREET

Suppuravalar Colony 2nd Street guideline value

The current guideline value of Suppuravalar Colony 2nd Street is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mukthapudupattu village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Suppuravalar Colony 2nd Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure decreased to Rs 402 per sq.ft in 2017, and then remained unchanged at Rs 400 per sq.ft in 2023. The current revision in 2024 has seen a significant increase to Rs 802 per sq.ft, marking a change of +101% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by +34%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 804 per sq.ft. The median value is Rs 802 per sq.ft, which is the same as the guideline value for Suppuravalar Colony 2nd Street.

• Suppuravalar Colony 1st Street: Rs 802 per sq.ft (2024)
• Suppuravalar Colony 3rd Street: Rs 802 per sq.ft (2024)
• Suppuravalar Colony: Rs 802 per sq.ft (2024)
• Suppuravalar Colony 4th Street: Rs 802 per sq.ft (2024)
• Sri Ram Nagar: Rs 804 per sq.ft (2024)
• Venkateswara Nagar: Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Suppuravalar Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total to Rs 72,180. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Suppuravalar Colony 2nd Street?

The Sub Registrar Office that covers Suppuravalar Colony 2nd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor used during the registration of property transactions in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being sold or purchased.

When buying or selling property, it is crucial to consider the guideline value, as it influences the overall costs involved in the transaction. The registration office will use this value to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Suppuravalar Colony 2nd Street?

The current guideline value of Suppuravalar Colony 2nd Street is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 802 per sq.ft in 2024.

What is the land classification for Suppuravalar Colony 2nd Street?

Suppuravalar Colony 2nd Street is classified as Residential Class II Type - II.

Which office handles the registration for Suppuravalar Colony 2nd Street?

The Avadi Sub Registrar Office handles the registration for Suppuravalar Colony 2nd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property in Suppuravalar Colony 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 56,140.