Guideline Value for SUN CITY

Sun City guideline value

The current guideline value of Sun City, located in Sengundram - 1 village under the Chengleput Joint II SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sun City has changed

The guideline value for Sun City has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a value of Rs 1,200 per sq.ft in 2023, which increased to Rs 1,320 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the previous years mentioned. The 2024 figure of Rs 1,320 per sq.ft is significantly above the median value of Rs 880 per sq.ft for the 126 streets in Sengundram - 1.

Guideline values in Sengundram - 1

In Sengundram - 1, the guideline values vary across different streets. The current guideline value for Sun City is higher than the median value of Rs 880 per sq.ft. Below are the guideline values for other streets in Sengundram - 1:

• Surithi Garden: Rs 1,320 per sq.ft (2024)
• Swamidass Nagar (Chen): Rs 770 per sq.ft (2024)
• Tank Street (Chen): Rs 660 per sq.ft (2024)
• Thatchab Avenue (Chen): Rs 770 per sq.ft (2024)
• Sri Selva Vinayagar Avenue (Chen): Rs 880 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 1,560 per sq.ft (2024)

Stamp duty and registration fee for property in Sun City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sun City?

The Sub Registrar Office covering Sun City is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Sengundram - 1

The guideline value plays a crucial role during the registration process when buying or selling property in Sengundram - 1. It is used to determine the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Sun City?

The current guideline value of Sun City is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, representing a +10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sun City?

Sun City is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Sun City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.