Guideline Value for SUPREEM CITY

Supreem City guideline value

The current guideline value of Supreem City is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Kayirambedu village, under the Chengleput Joint II SRO, and falls under the Mixed Type - I land classification.

How the guideline value of Supreem City has changed

The guideline value of Supreem City has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,500 per sq.ft, which has remained consistent through the 2024 revision.

Notably, the guideline value has not changed from 2023 to 2024, maintaining a rate of Rs 1,500 per sq.ft. The revisions from the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Supreem City's guideline value is above this median.

• Suseela Nagar: Rs 700 per sq.ft (2024)
• Swarnamangala Nagar: Rs 700 per sq.ft (2024)
• Thamizh Selvi Nagar: Rs 700 per sq.ft (2024)
• Subramaniapuram: Rs 1,001 per sq.ft (2024)
• Thangappan Avenue: Rs 700 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Supreem City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Supreem City?

The Sub Registrar Office that covers Supreem City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process requires adherence to these guidelines.

When registering a property, the guideline value ensures that the government receives the appropriate stamp duty and registration fees based on the property's assessed value. This process helps maintain transparency and standardization in property transactions within Kayirambedu.

Frequently asked questions

What is the current guideline value of Supreem City?

The current guideline value of Supreem City is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 1,500 per sq.ft in both 2023 and 2024. It was previously Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What are the other streets in Kayirambedu and their guideline values?

Other streets in Kayirambedu include Suseela Nagar, Swarnamangala Nagar, Thamizh Selvi Nagar, Subramaniapuram, Thangappan Avenue, and Sri Venkateswara Nagar, with values ranging from Rs 700 to Rs 1,001 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Supreem City?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 15,00,000. The stamp duty is Rs 1,05,000, and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations for Supreem City?

The Chengleput Joint II Sub Registrar Office handles property registrations for Supreem City, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.