Guideline Value for SUPRADEEPAM PHASE III

Supradeepam Phase III guideline value

The current guideline value of Supradeepam Phase III is Rs 439 per sq.ft. This property is located in Vayallanallur village, under the Poonamallee SRO, and is classified as Residential Class II Type - III.

How the guideline value of Supradeepam Phase III has changed

The guideline value for Supradeepam Phase III has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 439 per sq.ft, an increase of 9% from Rs 402 per sq.ft in the 2023 revision. Prior to that, the guideline value was unchanged at Rs 402 per sq.ft from the 2017 revision, indicating no change during that period.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 9%.

Guideline values in Vayallanallur

In Vayallanallur, there are 17 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 439 to Rs 4,600 per sq.ft, with a median value of Rs 1,760 per sq.ft. The guideline value for Supradeepam Phase III is below this median.

• Supradeepam: Rs 550 per sq.ft (2024)
• Sri Ambal Dhanalakshmi Nagar: Rs 1,099 per sq.ft (2024)
• Silver Fields By Urban Tree Phase II: Rs 1,760 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Kamachi Nagar: Rs 660 per sq.ft (2024)
• Ashok Nandavanam Phase - II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Supradeepam Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 439 per sq.ft, the total guideline value amounts to Rs 4,39,000. The stamp duty at 7% would be Rs 30,730, and the registration fee at 2% would be Rs 8,780, bringing the total cost for these fees to Rs 39,510. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Supradeepam Phase III?

The Sub Registrar Office that covers Supradeepam Phase III is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vayallanallur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Supradeepam Phase III?

The current guideline value of Supradeepam Phase III is Rs 439 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Supradeepam Phase III increased from Rs 402 per sq.ft in 2023 to Rs 439 per sq.ft in 2024, marking a 9% increase. There was no change in the guideline value from 2017 to 2023.

What are the other streets in Vayallanallur with their guideline values?

Other streets in Vayallanallur include Supradeepam at Rs 550 per sq.ft, Sri Ambal Dhanalakshmi Nagar at Rs 1,099 per sq.ft, Silver Fields By Urban Tree Phase II at Rs 1,760 per sq.ft, Orr at Rs 1,650 per sq.ft, Kamachi Nagar at Rs 660 per sq.ft, and Ashok Nandavanam Phase - II at Rs 1,210 per sq.ft, all for the year 2024.

What is the role of the guideline value in property transactions?

The guideline value plays a significant role in property transactions as it determines the stamp duty and registration fees payable. Buyers and sellers must consider this value during the registration process to ensure compliance with legal requirements.

Where can I find the Sub Registrar Office for Supradeepam Phase III?

The Sub Registrar Office for Supradeepam Phase III is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office is responsible for the registration of property transactions in the area.