Guideline Value

Corporate

Guideline Value for NEW SUN CITY EXTENSION I

₹550/sq.ft.

The guideline value for New Sun City Extension I in Aangadu village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aangadu

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Sun City Extension I

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New Sun City Extension I guideline value

The current guideline value of New Sun City Extension I is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Aangadu village, under the Redhills Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of New Sun City Extension I has changed

The guideline value for New Sun City Extension I has seen significant changes over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 is 64%. This steady rise underscores the changing landscape of property values in the area.

Guideline values in Aangadu

Aangadu village features 23 streets under the Redhills SRO, with guideline values ranging from Rs 220 to Rs 1,200 per sq.ft. The median guideline value for the village is Rs 275 per sq.ft, placing New Sun City Extension I's 2024 figure of Rs 550 per sq.ft above this median.

Stamp duty and registration fee for property in New Sun City Extension I

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Please 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 assistance.

Which Sub Registrar Office covers New Sun City Extension I?

The New Sun City Extension I falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 Aangadu

The guideline value plays a crucial role in the registration process of property transactions in Aangadu. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of New Sun City Extension I?

The current guideline value of New Sun City Extension I is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and now to Rs 550 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

What is the median guideline value for streets in Aangadu?

The median guideline value for streets in Aangadu is Rs 275 per sq.ft. New Sun City Extension I's 2024 figure of Rs 550 per sq.ft is above this median.

What are the stamp duty and registration fees for property in New Sun City Extension I?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees amount to Rs 49,500. The stamp duty is charged at 7% and the registration fee at 2% of the guideline value.

Which office handles property registrations for New Sun City Extension I?

The Redhills Sub Registrar Office handles property registrations for New Sun City Extension I. The office is located on Sothupakkam Road, Redhills, Chennai - 600 052.