Guideline Value for New Sun City

New Sun City guideline value

The current guideline value of New Sun City, located in Aangadu village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of New Sun City has changed

The guideline value for New Sun City has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, it saw a decrease to Rs 134 per sq.ft in 2017. The value then rose significantly to Rs 200 per sq.ft in 2023, and currently stands at Rs 220 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 for this street.

From the 2012 revision to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Aangadu

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

• New Sun City Extension: Rs 550 per sq.ft (2024)
• New Sun City Extension I: Rs 550 per sq.ft (2024)
• New Sun City Phase - I: Rs 330 per sq.ft (2024)
• Om Devi Amman Nagr: Rs 275 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 275 per sq.ft (2024)
• Muthumariamman Koil 3rd Street: Rs 275 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It is important to 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 calculations.

Which Sub Registrar Office covers New Sun City?

The Sub Registrar Office that covers New Sun City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for properties in Aangadu. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction complies with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs involved in the property transaction. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of New Sun City?

The current guideline value of New Sun City is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Aangadu?

The median guideline value for the 23 streets in Aangadu is Rs 275 per sq.ft, with New Sun City's value being below this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 19,800.

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

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