Guideline Value for Sun Avenue
₹220/sq.ft.
The guideline value for Sun Avenue in Kumanoor village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Kumanoor
Village
Redhills
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹220 /sq.ft. |
| From 1-4-2023 | ₹200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹134 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹100 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹15 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]
DRO (District Registrar Office)
District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sun Avenue
- 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
- Redhills sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sun Avenue guideline value
The current guideline value of Sun Avenue in Kumanoor village is Rs 220 per sq.ft, effective from 1 July 2024. This property falls under the Redhills SRO and is classified as Residential Class III Type - I.
How the guideline value of Sun Avenue has changed
The guideline value for Sun Avenue has seen several revisions over the years. In 2003, the value was Rs 15 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2007. Following this, the value doubled to Rs 200 per sq.ft in 2012, but then dropped to Rs 134 per sq.ft in 2017. The 2023 revision saw an increase to Rs 200 per sq.ft, and the most recent revision in 2024 has set the value at Rs 220 per sq.ft. Overall, from 2003 to 2024, the guideline value has increased by 1,367%.
Notably, there is no figure available for Sun Avenue in the 2002 revision. Each revision reflects changes in the property market and local conditions, with the most recent increase of 10% from 2023 to 2024 marking a positive trend for this street.
Guideline values in Kumanoor
In Kumanoor, there are 9 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,200 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Sun Avenue's 2024 figure below that median.
- Sree Ram Nagar: Rs 385 per sq.ft (2024)
- Sakthi Garden West: Rs 275 per sq.ft (2024)
- Sakthi Garden North: Rs 275 per sq.ft (2024)
- Sakthi Garden Annex: Rs 275 per sq.ft (2024)
- Sakthi Garden: Rs 275 per sq.ft (2024)
- Don Garden: Rs 385 per sq.ft (2024)
Stamp duty and registration fee for property in Sun Avenue
For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sun Avenue?
The Sub Registrar Office that covers Sun Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Kumanoor
When buying or selling property in Kumanoor, the guideline value is a crucial factor in determining the registration fees and stamp duty payable. The guideline value is set by the government and is used to assess the value of the property for taxation purposes.
At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of Sun Avenue?
The current guideline value of Sun Avenue is Rs 220 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 15 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 1,367% over this period.
What are the stamp duty rates for property transactions?
The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.
Which office do I need to visit for registration?
The Redhills Sub Registrar Office is responsible for property registrations in Sun Avenue. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
What is the land classification of Sun Avenue?
Sun Avenue is classified as Residential Class III Type - I, indicating its suitability for residential development within the area.
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