Guideline Value for CYNOSURE EXTENSION PHASE - I

Cynosure Extension Phase - I guideline value

The current guideline value of Cynosure Extension Phase - I is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

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

The guideline value for Cynosure Extension Phase - I has remained consistent in recent revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 900 per sq.ft, which did not change in the 2024 revision, indicating a 0% change between these two years.

Thus, the current guideline value of Rs 900 per sq.ft has been stable since the 2023 revision. The 2024 revision confirms this rate, maintaining the same value as the previous year.

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 value for these streets is Rs 600 per sq.ft, indicating that Cynosure Extension Phase - I's 2024 figure is above that median.

• Cynosure Extension Phase - II: 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 - I

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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cynosure Extension Phase - I?

The Cynosure Extension Phase - I 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 information.

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 determines the minimum value at which properties are registered, ensuring transparency and standardization in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed according to the established guideline values.

Frequently asked questions

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

The current guideline value of Cynosure Extension Phase - I 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 noted between the 2023 and 2024 revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

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

Other streets in Athur A Block have guideline values ranging from Rs 300 to Rs 1,525 per sq.ft, with a median value of Rs 600 per sq.ft. Cynosure Extension Phase - I's guideline value is above this median.

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

For a property valued at Rs 9,00,000, the stamp duty is Rs 63,000 and the registration fee is Rs 18,000, totaling Rs 81,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Cynosure Extension Phase - I?

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