Guideline Value for SUN CITY

Sun City guideline value

The current guideline value of Sun City, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,941 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sun City has changed

Over the years, the guideline value of Sun City has seen several revisions. The 2017 revision recorded a guideline value of Rs 1,300 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,941 per sq.ft. The most recent 2024 revision maintains this value, showing no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing the guideline value of Sun City above this median.

• Subash Nagar: Rs 1,000 per sq.ft (2024)
• Tara Nagar I-III: Rs 1,000 per sq.ft (2024)
• Thangaiya Garden: Rs 2,239 per sq.ft (2024)
• Sri Vel Nnagar: Rs 1,000 per sq.ft (2024)
• Sri Vasudev Nagar Extn: Rs 1,000 per sq.ft (2024)
• Sri Vasudev Nagar: Rs 1,000 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 1,941 per sq.ft, the total guideline value would be Rs 19,41,000. The stamp duty at 7% would be Rs 1,35,870, and the registration fee at 2% would be Rs 38,820, making the total cost for these fees Rs 1,74,690. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sun City?

The Sub Registrar Office that covers Sun City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Adhanoor. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps determine the official value of the transaction, which can influence the overall costs involved in the registration process. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sun City?

The current guideline value of Sun City is Rs 1,941 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sun City has increased from Rs 1,300 per sq.ft in 2017 to Rs 1,941 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

What is the land classification of Sun City?

The land classification for Sun City is Mixed Type - II, which indicates the type of development and usage allowed in the area.

Where can I find the registration office for Sun City?

The registration office covering Sun City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized valuation, which is essential for the registration process.