Guideline Value for SERASA SUNRISE AVENUE

Serasa Sunrise Avenue guideline value

The current guideline value of Serasa Sunrise Avenue is Rs 6,240 per sq.ft, effective from 1 July 2024. This property is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Commercial Special Type - II.

How the guideline value of Serasa Sunrise Avenue has changed

The guideline value for Serasa Sunrise Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 3,800 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 6,240 per sq.ft, marking a change of +64% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +64%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value for Serasa Sunrise Avenue is above this median.

• Selva Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• School Street / Lakshmipuram: Rs 2,860 per sq.ft (2024)
• Sivaraj 1st Street: Rs 2,420 per sq.ft (2024)
• Sivaraj 2nd Street: Rs 2,420 per sq.ft (2024)
• Sivaraj 3rd Street: Rs 2,420 per sq.ft (2024)
• Sivaraj MainRoad: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Sunrise Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 6,240 per sq.ft, the total guideline value amounts to Rs 62,40,000. The stamp duty at 7% would be Rs 4,36,800, and the registration fee at 2% would be Rs 1,24,800, bringing the total cost to Rs 5,61,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Serasa Sunrise Avenue?

The Sub Registrar Office covering Serasa Sunrise Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. The guideline value serves as a benchmark for property pricing in the area.

Frequently asked questions

What is the current guideline value of Serasa Sunrise Avenue?

The current guideline value of Serasa Sunrise Avenue is Rs 6,240 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 3,800 per sq.ft in 2017 to Rs 6,240 per sq.ft in 2024, marking an overall increase of +64%.

What are the other streets in Thiruneermalai and their guideline values?

Other streets in Thiruneermalai include Selva Vinayagar Koil Street at Rs 2,200 per sq.ft, School Street / Lakshmipuram at Rs 2,860 per sq.ft, and Sivaraj 1st, 2nd, and 3rd Streets at Rs 2,420 per sq.ft each.

What is the stamp duty rate for properties in Serasa Sunrise Avenue?

The stamp duty rate for properties in Serasa Sunrise Avenue is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Serasa Sunrise Avenue?

The Sub Registrar Office for Serasa Sunrise Avenue is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, under the Chengalpattu registration zone.