Guideline Value

Corporate

Guideline Value for NEW SUN CITY

₹100/sq.ft.

The guideline value for New Sun City in Guduvancheri village (Ponneri SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Guduvancheri

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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]

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New Sun City guideline value

The current guideline value of New Sun City is Rs 100 per sq.ft, effective from the 2024 revision. This property is located in Guduvancheri village, under the Ponneri SRO, and is classified as 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. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Subsequently, the 2023 revision brought it back to Rs 100 per sq.ft, and the 2024 revision maintained this rate with no change.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 100 per sq.ft.

Guideline values in Guduvancheri

In Guduvancheri, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with a median value of Rs 100 per sq.ft. New Sun City's 2024 guideline value matches this median.

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 calculated at 7%, resulting in Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Therefore, the total cost for these fees would be Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers New Sun City?

The Sub Registrar Office that covers New Sun City is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Guduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 July 1, 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

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

Other streets in Guduvancheri with the same guideline value of Rs 100 per sq.ft include Praveen Nagar, Saribha Nagar, Sri Kari Krishna Perumal Nagar, Srinivasa Garden, Sri Sai Garden, and Sri Sakthi Sai Nagar.

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

The stamp duty rate for property transactions 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 for New Sun City is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can also find your SRO online.