Guideline Value

Corporate

Guideline Value for SUNSHINE AVENUE

₹4400/sq.ft.

The guideline value for Sunshine Avenue in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sunshine Avenue

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Sunshine Avenue guideline value

The current guideline value of Sunshine Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, and it falls under the Residential Special Type - V land classification.

How the guideline value of Sunshine Avenue has changed

Over the years, the guideline value of Sunshine Avenue has seen significant changes. In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This figure increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw another increase to Rs 4,400 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sunshine Avenue is above this median.

Stamp duty and registration fee for property in Sunshine Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 information.

Which Sub Registrar Office covers Sunshine Avenue?

The Sub Registrar Office that covers Sunshine Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

When a property is registered, the guideline value is compared to the sale price. The stamp duty is charged on the higher of the two values, which ensures that the government receives the appropriate revenue from property transactions. Understanding the guideline value is essential for anyone looking to navigate the property market in this area.

Frequently asked questions

What is the current guideline value of Sunshine Avenue?

The current guideline value of Sunshine Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 include Sunrise Avenue, S.V. Ekambaram Street, S.V.Natarajan Nagar, S.V.NATARJA NAGAR 1st STREET, S.V.Sankar Salai (Near Canal), and Sugam Garden Avenue, each with their own guideline values.

What is the registration fee for property in Sunshine Avenue?

The registration fee for property in Sunshine Avenue is calculated based on the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000 at a rate of 2%.

Which Sub Registrar Office covers Sunshine Avenue?

The Neelankarai Sub Registrar Office covers Sunshine Avenue, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.