Guideline Value for CYNOSURE EXTENSION PHASE - II

Cynosure Extension Phase - II guideline value

The current guideline value for Cynosure Extension Phase - II 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 region is Residential Special Type - V.

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

According to the guideline value register, there have been several revisions for the Cynosure Extension Phase - II area. The most recent revision in 2024 maintains the guideline value at Rs 900 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 to the 2024 revision, there was no change in the guideline value, remaining at Rs 900 per sq.ft. The lack of figures for earlier years indicates that the guideline value for Cynosure Extension Phase - II has been consistent in recent revisions.

Guideline values in Athur A Block

Athur A Block features a range of guideline values across its 44 streets under the Chengleput Joint II SRO. The 2024 figures for these streets vary from Rs 300 to Rs 1,525 per sq.ft, with the median being Rs 600 per sq.ft. The guideline value for Cynosure Extension Phase - II is above this median.

• Cynosure Extension Phase - I: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - III: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - IV: 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 - II

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 Cynosure Extension Phase - II?

The Cynosure Extension Phase - II area 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 more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athur A Block. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Cynosure Extension Phase - II has remained consistent at Rs 900 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Athur A Block?

Other streets in Athur A Block have varying guideline values, ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, while Cynosure Extension Phase - II is above this median.

What are the stamp duty and registration fees for property in Cynosure Extension Phase - II?

For a 1,000 sq.ft plot at Rs 900 per sq.ft, the guideline value is Rs 9,00,000. The total stamp duty and registration fees would amount to Rs 81,000, based on the applicable rates.

Where is the Sub Registrar Office for Cynosure Extension Phase - II located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Cynosure Extension Phase - II.