Guideline Value for Supradeepam

Supradeepam guideline value

The current guideline value of Supradeepam is Rs 548 per sq.ft, effective from 1 July 2024. This street is located in Vayallanallur_b village, under the Poonamallee SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Supradeepam has changed

The guideline value for Supradeepam has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 335 per sq.ft. In 2023, this figure increased to Rs 500 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 548 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Supradeepam in the register.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 3,100 per sq.ft. The median value for these streets is Rs 1,640 per sq.ft, placing Supradeepam's 2024 figure below this median.

• Sri Ambal Dhanalakshmi Nagar: Rs 1,097 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,925 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Muthu Nagar: Rs 1,640 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)
• Muktha Meenakshi Sundaram Nagar: Rs 750 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 548 per sq.ft, the total guideline value would be Rs 5,48,000. The stamp duty at 7% would amount to Rs 38,360, and the registration fee at 2% would be Rs 10,960, bringing the total fees together to Rs 49,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

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_b

The guideline value plays a crucial role during property registration in Vayallanallur_b. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it directly affects the overall cost of the property transaction. This value serves as a benchmark for assessing the financial implications of property dealings in the area.

Frequently asked questions

What is the current guideline value of Supradeepam?

The current guideline value of Supradeepam is Rs 548 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 548 per sq.ft in 2024. This represents a 64% increase overall from 2017 to 2024.

What is the classification of land in Supradeepam?

Supradeepam is classified as Residential Class IV Type - I. This classification is important for understanding the intended use of the land.

What are the stamp duty and registration fees for a property in Supradeepam?

For a property valued at Rs 5,48,000, the stamp duty would be Rs 38,360 and the registration fee would be Rs 10,960, totaling Rs 49,320. These fees are calculated based on the guideline value.

Which office handles property registrations in Supradeepam?

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