Guideline Value for SUMANGALI EASUN GARDEN

Sumangali Easun Garden guideline value

The current guideline value of Sumangali Easun Garden is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-A village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sumangali Easun Garden has changed

The guideline value for Sumangali Easun Garden has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,100 per sq.ft. The latest revision in 2024 has increased this to Rs 1,200 per sq.ft, marking a change of +9% from the previous year.

Prior to the 2023 revision, the guideline value for this street was not available in the register. The increase from Rs 1,100 to Rs 1,200 reflects the current market conditions and adjustments made by the authorities.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 750 per sq.ft, placing Sumangali Easun Garden's current figure above that median.

• Swami Nagar & Streets: Rs 840 per sq.ft (2024)
• Swathi Avenue: Rs 750 per sq.ft (2024)
• T.A.Janakiraman Nagar: Rs 950 per sq.ft (2024)
• Tamil Kumaran Nagar: Rs 880 per sq.ft (2024)
• Tamil Kumaran Nagar Part 1: Rs 950 per sq.ft (2024)
• S.S.Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Sumangali Easun Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total fees would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sumangali Easun Garden?

The Sub Registrar Office covering Sumangali Easun Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable duties and fees. Buyers should be aware that the guideline value may differ from the negotiated sale price, and the higher amount will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Sumangali Easun Garden?

The current guideline value of Sumangali Easun Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, reflecting a +9% increase. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sumangali Easun Garden?

The land classification of Sumangali Easun Garden is Residential Class II Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would be Rs 1,08,000.

Where is the Sub Registrar Office located for this area?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.