Guideline Value for CYNOSURE EXTENSION PHASE - IV

Cynosure Extension Phase - IV guideline value

The current guideline value of Cynosure Extension Phase - IV 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 - IV has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Cynosure Extension Phase - IV. The 2023 revision maintained the guideline value at Rs 900 per sq.ft, which was unchanged in the 2024 revision, reflecting a change of +0% from 2023 to 2024.

The guideline value has remained stable at Rs 900 per sq.ft since the 2023 revision. The 2024 revision confirms this value, indicating consistency in the pricing for this street.

Guideline values in Athur A Block

Athur A Block contains 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, placing Cynosure Extension Phase - IV above this median.

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

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. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate fees for your property transactions.

Which Sub Registrar Office covers Cynosure Extension Phase - IV?

The Cynosure Extension Phase - IV is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Athur A Block. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, 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 in the area.

Frequently asked questions

What is the current guideline value of Cynosure Extension Phase - IV?

The current guideline value of Cynosure Extension Phase - IV 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 consistent at Rs 900 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

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

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

Other streets in Athur A Block with the same guideline value of Rs 900 per sq.ft include Cynosure Extension Phase - I, II, III, and 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.