Guideline Value for NEW SUN CITY

New Sun City guideline value

The current guideline value of New Sun City, located in Pakkam village, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which is managed by the Ponneri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of New Sun City has changed

The guideline value for New Sun City has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft, which was a decrease of 33% from Rs 67 per sq.ft in the 2017 revision. The 2017 revision saw an increase to Rs 100 per sq.ft, and this value remained unchanged in the 2023 revision. The current 2024 revision also maintains the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has shown no net change, remaining consistent at Rs 100 per sq.ft throughout this period.

Guideline values in Pakkam

In Pakkam village, there are six streets under the Ponneri SRO that carry the 2024 guideline value, all set at Rs 100 per sq.ft. The guideline value for New Sun City is equal to the median value of these streets.

• Moon City Annex: Rs 100 per sq.ft (2024)
• Sri Parvathy Amman Nagar: Rs 100 per sq.ft (2024)
• Thirumalai Nagar: Rs 100 per sq.ft (2024)
• Dreem City: Rs 100 per sq.ft (2024)
• A.T.M. Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in New Sun City

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee is at 2%, amounting to Rs 2,000. Together, the total cost for these fees is Rs 9,000. 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 New Sun City?

The New Sun City area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Pakkam

The guideline value is a crucial factor during the registration of property transactions in Pakkam. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

When buying or selling property, the guideline value is used to calculate the official costs associated with the registration process. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of New Sun City?

The current guideline value of New Sun City is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2012 revision, with a previous increase to this amount in 2017. There was a significant increase of 49% from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023.

What are the other streets in Pakkam with the same guideline value?

Other streets in Pakkam that have the same guideline value of Rs 100 per sq.ft include Moon City Annex, Sri Parvathy Amman Nagar, Thirumalai Nagar, Dreem City, and A.T.M. Nagar.

What is the stamp duty rate for property in New Sun City?

The stamp duty rate for property in New Sun City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for New Sun City?

The Sub Registrar Office covering New Sun City is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.