Guideline Value for SUPREME AVENUE

Supreme Avenue guideline value

The current guideline value of Supreme Avenue in Udaiyavarkoil village is Rs 552 per sq.ft, effective from 1 July 2024. This area falls under the Poonamallee SRO and is classified as Residential Special Type - III.

How the guideline value of Supreme Avenue has changed

In the 2017 revision, the guideline value for Supreme Avenue was Rs 502 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 502 per sq.ft. However, with the 2024 revision, the guideline value increased by 10% to Rs 552 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, 2012.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Supreme Avenue is above this median.

• Thirumalai Nagar: Rs 1,910 per sq.ft (2024)
• Thirupur kumaran street: Rs 550 per sq.ft (2024)
• Thiruvalluvar street: Rs 550 per sq.ft (2024)
• Sri Athivinayagar Avenue: Rs 550 per sq.ft (2024)
• Shri Padmavathy nagar: Rs 550 per sq.ft (2024)
• Shrinivasa nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Supreme Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 552 per sq.ft, the total guideline value amounts to Rs 5,52,000. The stamp duty at 7% would be Rs 38,640, while the registration fee at 2% would be Rs 11,040, leading to a total of Rs 49,680. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Supreme Avenue?

The Supreme Avenue falls under 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 Udaiyavarkoil

The guideline value is a crucial factor in the registration process when buying or selling property in Udaiyavarkoil. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps establish a baseline for the sale price, ensuring that both buyers and sellers comply with legal requirements. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Supreme Avenue?

The current guideline value of Supreme Avenue is Rs 552 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 552 per sq.ft in 2024, marking a 10% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

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

Other streets in Udaiyavarkoil include Thirumalai Nagar at Rs 1,910 per sq.ft, Thirupur kumaran street at Rs 550 per sq.ft, and others at similar values. The guideline values vary significantly across different streets in the village.

What fees are associated with property transactions in Supreme Avenue?

When transacting property in Supreme Avenue, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Supreme Avenue?

The Sub Registrar Office covering Supreme Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles all registration processes for properties in the area.