Guideline Value for Sun Garden

Sun Garden guideline value

The current guideline value of Sun Garden, located in Kattupakkam village under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sun Garden has changed

The guideline value for Sun Garden has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 96 per sq.ft. This increased significantly to Rs 410 per sq.ft in 2007, marking a rise of 327%. The value then surged to Rs 3,200 per sq.ft in 2012, reflecting a substantial increase of 680%. However, in the 2017 revision, the value dropped to Rs 2,144 per sq.ft, a decrease of 33%. In 2023, the value rose again to Rs 3,200 per sq.ft, followed by a further increase to Rs 3,520 per sq.ft in 2024, representing a 10% rise.

Overall, from 2003 to 2024, the guideline value has increased by 3,567%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sun Garden's 2024 figure above this median.

• Swarnapuri Nagar: Rs 3,520 per sq.ft (2024)
• Sri P.G. Avenue: Rs 1,980 per sq.ft (2024)
• Sri Nagar: Rs 2,090 per sq.ft (2024)
• Sri Devi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Arul Avenue: Rs 2,090 per sq.ft (2024)
• Senthurpuram Extension II: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Sun Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sun Garden?

The Sub Registrar Office that covers Sun Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Kattupakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing a property. The fees are determined based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value ensures that the transaction is recorded accurately and transparently, reflecting the official valuation set by the Registration Department. This helps maintain a standardized process for property transactions within the region.

Frequently asked questions

What is the current guideline value of Sun Garden?

The current guideline value of Sun Garden is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 96 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, showing an increase of 3,567% overall.

What is the classification of land in Sun Garden?

Sun Garden is classified as Residential Special Type - I under the land classification system.

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

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles property registrations in Kattupakkam?

The Kunrathur Sub Registrar Office handles property registrations in Kattupakkam, located at No.59, Road Street, Kundrathur, Chennai -600 069.