Guideline Value for CYNOSURE EXTENSION PHASE - III

Cynosure Extension Phase - III guideline value

The current guideline value for Cynosure Extension Phase - III is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Athur A Block village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - V.

How the guideline value of Cynosure Extension Phase - III has changed

The guideline value for Cynosure Extension Phase - III has remained consistent at Rs 900 per sq.ft since the 2023 revision, which also set the value at Rs 900 per sq.ft. Prior to that, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, from the 2023 to 2024 revision, there was no change in the guideline value, maintaining a 0% increase. Both the 2023 and 2024 revisions reflect the same value of Rs 900 per sq.ft.

Guideline values in Athur A Block

Athur A Block has a total of 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Cynosure Extension Phase - III above this median.

• Cynosure Extension Phase - II: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - IV: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - I: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - V: Rs 900 per sq.ft (2024)
• Doctor Avenue: Rs 550 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Cynosure Extension Phase - III

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 more details.

Which Sub Registrar Office covers Cynosure Extension Phase - III?

The Cynosure Extension Phase - III is covered by 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 further assistance.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a critical factor when registering property transactions in Athur A Block. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value will be referenced to ascertain the applicable fees. It is essential to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Cynosure Extension Phase - III?

The current guideline value for Cynosure Extension Phase - III is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft since the 2023 revision, with no changes recorded in previous revisions for this street.

What is the land classification for Cynosure Extension Phase - III?

The land classification for Cynosure Extension Phase - III is Residential Special Type - V.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Cynosure Extension Phase - III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 900 per sq.ft would incur a stamp duty of Rs 63,000.