Guideline Value

Corporate

Guideline Value for NEW SUN CITY PHASE - II

₹330/sq.ft.

The guideline value for New Sun City Phase - Ii in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
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 Phase - Ii

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New Sun City Phase - II guideline value

The current guideline value for New Sun City Phase - II is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Orakadu & Kiruthalapuram village under the Redhills SRO, classified as Residential Class I Type - II.

How the guideline value of New Sun City Phase - II has changed

The guideline value for New Sun City Phase - II has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, and further rose to Rs 330 per sq.ft in the 2024 revision.

From 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, placing New Sun City Phase - II below this median.

Stamp duty and registration fee for property in New Sun City Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. It is important to note that 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 more details.

Which Sub Registrar Office covers New Sun City Phase - II?

The Sub Registrar Office that covers New Sun City Phase - II 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 further assistance.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Orakadu & Kiruthalapuram. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the correct revenue from property transactions.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of New Sun City Phase - II?

The current guideline value of New Sun City Phase - II is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the median guideline value in Orakadu & Kiruthalapuram?

The median guideline value in Orakadu & Kiruthalapuram is Rs 385 per sq.ft, while New Sun City Phase - II's value is below this median.

What are the stamp duty and registration fees for New Sun City Phase - II?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 29,700, calculated based on the guideline value of Rs 3,30,000.

Which office handles property registrations for New Sun City Phase - II?

The Redhills Sub Registrar Office handles property registrations for New Sun City Phase - II, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.