Guideline Value for NEW SUN CITY ANNEXE-III

New Sun City Annexe-III guideline value

The current guideline value of New Sun City Annexe-III is Rs 1,005 per sq.ft. This property is located in Sholavaram village, under the Redhills SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of New Sun City Annexe-III has changed

The guideline value for New Sun City Annexe-III has remained consistent across the last three revisions. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which was the same in the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2024 revision, there has been a change of +0%, indicating stability in the guideline value during this period. Similarly, the transition from 2023 to 2024 also shows a change of +0%.

Guideline values in Sholavaram

In Sholavaram, a total of 98 streets under the Redhills SRO have a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for New Sun City Annexe-III is above this median, reflecting its position in the market.

• New Sun City Annexe-II: Rs 1,005 per sq.ft (2024)
• New Sun City Elite: Rs 1,650 per sq.ft (2024)
• New Sun City Annex: Rs 1,005 per sq.ft (2024)
• New Sun City Phase - I: Rs 550 per sq.ft (2024)
• New Sun City Phase - IV: Rs 770 per sq.ft (2024)
• New Sun City: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in New Sun City Annexe-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total cost for these fees to Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Sun City Annexe-III?

The Sub Registrar Office that covers New Sun City Annexe-III is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sholavaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is used to calculate the fees based on the higher value between the guideline value and the sale price. This ensures that the registration reflects the property's value accurately for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of New Sun City Annexe-III?

The current guideline value of New Sun City Annexe-III is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,005 per sq.ft from 2017 through 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for New Sun City Annexe-III?

The land classification for New Sun City Annexe-III is Commercial Class I Type - II, indicating its suitability for commercial activities.

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

The Sub Registrar Office for New Sun City Annexe-III is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in New Sun City Annexe-III?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,05,000, the stamp duty would be Rs 70,350 at the rate of 7%.