Guideline Value for Suparigunta Street

Suparigunta Street guideline value

The current guideline value of Suparigunta Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class II Type - I.

How the guideline value of Suparigunta Street has changed

Over the years, the guideline value of Suparigunta Street has seen significant changes. The earliest available revision is from 2007, where the guideline value was Rs 1,145 per sq.ft. This increased to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 337%. However, from 2012 to 2017, there was a decrease to Rs 3,350 per sq.ft, a drop of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, and most recently, it increased to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Notably, there are no figures available for the revisions in 2002 and 2003. The overall increase from the 2007 revision to the current 2024 revision is 380%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Suparigunta Street's 2024 guideline value of Rs 5,500 per sq.ft is below this median.

• Surappa Mudali Street: Rs 6,600 per sq.ft (2024)
• Sunguvar Street (Sunguvar Garden): Rs 6,600 per sq.ft (2024)
• Sunguvar Lane: Rs 6,600 per sq.ft (2024)
• Sundaramurthy Vinayagar Koil Street: Rs 7,700 per sq.ft (2024)
• Sydoji Lane: Rs 6,600 per sq.ft (2024)
• Sydoji South Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Suparigunta Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 Suparigunta Street?

The Sub Registrar Office that covers Suparigunta Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Suparigunta Street?

The current guideline value of Suparigunta Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,145 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 380% over this period.

What are the stamp duty and registration fees for property in Suparigunta Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Suparigunta Street?

The Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014, covers Suparigunta Street.

What is the land classification for Suparigunta Street?

Suparigunta Street is classified as Residential Class II Type - I, which indicates its designation for residential use within the Triplicane area.