Guideline Value for SURYA AVENUE PHASE - I

Surya Avenue Phase - I guideline value

The current guideline value of Surya Avenue Phase - I is Rs 1,870 per sq.ft, effective from 1 July 2024. This property is located in Baraniputjur village under the Kunrathur SRO, classified as Mixed Type - II land.

How the guideline value of Surya Avenue Phase - I has changed

The guideline value for Surya Avenue Phase - I has seen significant changes over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the value rise to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, 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 Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, positioning Surya Avenue Phase - I above this median.

• Thamu Nagar: Rs 1,210 per sq.ft (2024)
• Subbaraya Nagar: Rs 1,210 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 1,210 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 1,210 per sq.ft (2024)
• Sri Sangeetham Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kamatchi Avenue: Rs 1,450 per sq.ft (2024)

Stamp duty and registration fee for property in Surya Avenue Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. 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 Surya Avenue Phase - I?

The Sub Registrar Office that covers Surya Avenue Phase - I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Baraniputjur. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating these fees. Therefore, understanding the current guideline value is essential for both buyers and sellers to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Surya Avenue Phase - I?

The current guideline value of Surya Avenue Phase - I is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft, which is a total increase of 64% over the years.

What are the stamp duty and registration fees for a property in Surya Avenue Phase - I?

For a 1,000 sq.ft plot, the total guideline value is Rs 18,70,000. The stamp duty would be Rs 1,30,900, and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which streets in Baraniputjur have a guideline value of Rs 1,210 per sq.ft?

Several streets in Baraniputjur have a guideline value of Rs 1,210 per sq.ft, including Thamu Nagar, Subbaraya Nagar, Sri Venkateswara Nagar, Theru veedhiyamman Koil Street, and Sri Sangeetham Nagar.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069, or by using the online tool to find your SRO.