Guideline Value for SUN CITY

Sun City guideline value

The current guideline value of Sun City, located in Nadukuthagai village under the Avadi SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sun City has changed

The guideline value for Sun City 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 Rs 1,000 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2024 revision, marking a change of +10%.

With the latest revision in 2024, the guideline value reflects a significant increase compared to the previous year. The 2024 figure of Rs 1,100 per sq.ft is above the median guideline value of Rs 880 per sq.ft for the 35 streets in Nadukuthagai under the Avadi SRO.

Guideline values in Nadukuthagai

In Nadukuthagai, the guideline values for the 2024 revision range from Rs 330 to Rs 1,980 per sq.ft. The current guideline value of Sun City is above the median of Rs 880 per sq.ft. Below are the guideline values for other streets in Nadukuthagai:

• Sri Ragavendra Nagar: Rs 440 per sq.ft (2024)
• Thirumalai Nagar / Sri Thirumalai Nagar: Rs 440 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Guberan Nagar: Rs 660 per sq.ft (2024)
• Santhi Nagar: Rs 440 per sq.ft (2024)
• Victoria Elise George Garden: Rs 880 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also 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 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nadukuthagai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is compared with the sale price to assess which amount is higher. The stamp duty is then calculated based on this higher figure, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sun City?

The current guideline value of Sun City is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a +10% increase. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sun City?

The land classification for Sun City is Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for a property in Sun City?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty at 7% amounts to Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for Sun City?

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