Guideline Value for Supradeepam

Supradeepam guideline value

The current guideline value of Supradeepam is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Vayallanallur village under the Poonamallee Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Supradeepam has changed

The guideline value for Supradeepam has undergone several revisions over the years. The earliest recorded revision was in 2002, followed by 2003, 2007, and 2012. The 2012 revision set the value at Rs 500 per sq.ft. The next revision occurred in 2024, raising the guideline value to Rs 550 per sq.ft, marking a 10% increase from the 2012 figure.

For the years 2017, 2023, and 2007, the register has no figure for this street. Therefore, the most recent guideline value is from the 2024 revision.

Guideline values in Vayallanallur

In Vayallanallur, there are 17 streets under the Poonamallee SRO that have 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 of Supradeepam is below this median.

• Supradeepam Phase III: Rs 439 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

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 details.

Which Sub Registrar Office covers Supradeepam?

The Sub Registrar Office that covers Supradeepam 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 of property transactions in Vayallanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Supradeepam?

The current guideline value of Supradeepam is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Supradeepam was Rs 500 per sq.ft in 2012 and increased to Rs 550 per sq.ft in 2024. There are no figures available for the years 2017, 2023, and 2007.

What is the land classification for Supradeepam?

Supradeepam is classified as Residential Class IV Type - I, indicating its designated use for residential purposes.

What is the registration office for Supradeepam?

The Poonamallee Sub Registrar Office covers Supradeepam, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for property in Supradeepam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.