Guideline Value for CYNOSURE EXTENSION PHASE - V

Cynosure Extension Phase - V guideline value

The current guideline value for Cynosure Extension Phase - V is Rs 900 per sq.ft. This property 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 - V has changed

The guideline value for Cynosure Extension Phase - V has remained consistent at Rs 900 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also maintains this value, showing no change from the previous year.

There are no figures available for the revisions prior to 2023, specifically for the years 2017, 2012, 2007, 2003, and 2002, indicating that the register has no figure for this street in it for those years.

Guideline values in Athur A Block

Athur A Block consists of 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, placing Cynosure Extension Phase - V's 2024 figure above this median.

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

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, making the total fees Rs 81,000. 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 further calculations.

Which Sub Registrar Office covers Cynosure Extension Phase - V?

The Cynosure Extension Phase - V falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 when buying or selling property in Athur A Block, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transfer of property ownership.

When a buyer or seller approaches the registration office, they must refer to the guideline value to ensure compliance with the legal requirements for property transactions. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

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

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

Have there been any changes in the guideline value recently?

There have been no changes in the guideline value for Cynosure Extension Phase - V from 2023 to 2024, as it has remained at Rs 900 per sq.ft.

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

Cynosure Extension Phase - V is classified as Residential Special Type - V, indicating its designated use for residential purposes.

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

The stamp duty for property in Cynosure Extension Phase - V is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 63,000 based on the guideline value.

Where can I find the Sub Registrar Office for Cynosure Extension Phase - V?

The Sub Registrar Office covering Cynosure Extension Phase - V is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.