Guideline Value for SUN CITY
₹770/sq.ft.
The guideline value for Sun City in Mambakkam village (Madurandakam SRO, Chengalpattu zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Mambakkam
Village
Madurandakam
SRO
Commercial Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹770 /sq.ft. |
| From 1-4-2023 | ₹700 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹469 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹700 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sun City
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Madurandakam sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sun City guideline value
The current guideline value of Sun City, located in Mambakkam village under the Madurandakam SRO, is Rs 770 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.
How the guideline value of Sun City has changed
Over the years, the guideline value of Sun City has seen several revisions. The 2012 revision recorded a value of Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased to Rs 700 per sq.ft in the 2023 revision, and currently stands at Rs 770 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.
From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the guideline value rose significantly by 49% from 2017 to 2023. The latest change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.
Guideline values in Mambakkam
In Mambakkam village, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, making Sun City's current value above this median.
- Sri Vishnu Avenue: Rs 770 per sq.ft (2024)
- Sri Sakthi Vinayagar Nagar: Rs 330 per sq.ft (2024)
- Sri Sai Nagar: Rs 770 per sq.ft (2024)
- Vasantham Nagar: Rs 330 per sq.ft (2024)
- Selva Vinayagar Nagar: Rs 330 per sq.ft (2024)
- V.I.P. Nagar: Rs 330 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sun City?
The Sub Registrar Office that covers Sun City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Mambakkam
The guideline value is a crucial factor when registering property transactions in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.
When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.
Frequently asked questions
What is the current guideline value of Sun City?
The current guideline value of Sun City is Rs 770 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft as of 2024.
What are the other streets in Mambakkam with their guideline values?
Other streets in Mambakkam include Sri Vishnu Avenue and Sri Sai Nagar, both at Rs 770 per sq.ft, while Sri Sakthi Vinayagar Nagar, Vasantham Nagar, Selva Vinayagar Nagar, and V.I.P. Nagar are at Rs 330 per sq.ft in 2024.
What is the stamp duty for property in Sun City?
The stamp duty for property in Sun City is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 53,900.
Which office handles property registrations in Sun City?
The Madurandakam Sub Registrar Office handles property registrations in Sun City, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.
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