Guideline Value for SUNRISE AVENUE

Sunrise Avenue guideline value

The current guideline value of Sunrise Avenue in Puthur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Mixed Type - II land.

How the guideline value of Sunrise Avenue has changed

The guideline value for Sunrise Avenue has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,000 per sq.ft, which was later increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for this street in the earlier years mentioned. The current figure of Rs 3,300 per sq.ft is significantly higher than the previous year's value.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sunrise Avenue's 2024 figure above this median.

• Subramaniapuram: Rs 550 per sq.ft (2024)
• Thanigaivel Nagar: Rs 330 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,100 per sq.ft (2024)
• Thirumalai nagar Annex: Rs 1,100 per sq.ft (2024)
• United Colony: Rs 1,320 per sq.ft (2024)
• Sri Balaji Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sunrise Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sunrise Avenue?

The Sub Registrar Office that covers Sunrise Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, 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 Puthur

The guideline value is a critical factor in the registration process when buying or selling property in Puthur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sunrise Avenue?

The current guideline value of Sunrise Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a change of +10%.

What is the median guideline value for streets in Puthur?

The median guideline value for streets in Puthur is Rs 1,100 per sq.ft, with Sunrise Avenue's current value being above this median.

What are the stamp duty and registration fees for a property in Sunrise Avenue?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Sunrise Avenue?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Sunrise Avenue, located at No.26, MES Road, East Tambaram, Chennai-600059.