Guideline Value for SUPPURAVALAR COLONY 4TH STREET

Suppuravalar Colony 4th Street guideline value

The current guideline value of Suppuravalar Colony 4th Street is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mukthapudupattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Suppuravalar Colony 4th Street has changed

The guideline value for Suppuravalar Colony 4th Street has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. The value remained unchanged at Rs 400 per sq.ft in 2023 before experiencing a significant increase to Rs 802 per sq.ft in the 2024 revision, marking a rise of 101% from the previous year.

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

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with a median value of Rs 802 per sq.ft. Suppuravalar Colony 4th Street's 2024 figure aligns with this median.

• Suppuravalar Colony 3rd Street: Rs 802 per sq.ft (2024)
• Suppuravalar Colony 2nd Street: Rs 802 per sq.ft (2024)
• Suppuravalar Colony 1st Street: Rs 802 per sq.ft (2024)
• Suppuravalar Colony: 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 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, totaling Rs 72,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suppuravalar Colony 4th Street?

The Sub Registrar Office that covers Suppuravalar Colony 4th 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 information.

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

The guideline value is a crucial factor when buying or selling property in Mukthapudupattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for all property transactions. This ensures that both the buyer and seller are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Suppuravalar Colony 4th Street?

The current guideline value of Suppuravalar Colony 4th 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 802 per sq.ft in 2024, with notable revisions in 2017 and 2023.

What is the stamp duty on property in Suppuravalar Colony 4th Street?

The stamp duty on property in Suppuravalar Colony 4th Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration in this area?

The Avadi Sub Registrar Office handles property registration for Suppuravalar Colony 4th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.