Guideline Value for NEW SUN CITY

New Sun City guideline value

The current guideline value for New Sun City, located in Ponneri village under the Ponneri SRO, is Rs 900 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

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 register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft. With the 2024 revision, the value increased significantly to Rs 900 per sq.ft, marking an increase of 80% from the previous year.

In summary, the guideline value for New Sun City has changed from Rs 500 per sq.ft in 2023 to Rs 900 per sq.ft in 2024. This increase reflects the current valuation as per the latest revision.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value in Ponneri is Rs 700 per sq.ft, placing New Sun City's 2024 figure above this median.

• N.G.O.Nagar: Rs 700 per sq.ft (2024)
• Nippani Subha Rao St: Rs 700 per sq.ft (2024)
• N.S.C.Bose Street: Rs 700 per sq.ft (2024)
• Neeli Appadurai Mudali St: Rs 1,200 per sq.ft (2024)
• Neeli Appadurai Mudalai St: Rs 900 per sq.ft (2024)
• Palanivel Nagar: Rs 900 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 guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty, calculated at 7%, would be Rs 63,000, while the registration fee at 2% would be Rs 18,000. Together, the total cost for stamp duty and registration fee would be Rs 81,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponneri. 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 registered, the guideline value is considered to ensure that the correct fees are charged. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of New Sun City?

The current guideline value of New Sun City is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, reflecting an 80% increase.

What is the median guideline value in Ponneri?

The median guideline value in Ponneri is Rs 700 per sq.ft, with New Sun City's value being above this median.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. The total fees are based on the higher of the guideline value or the sale price.