Guideline Value for Sun Shine Avenue Ph II

Sun Shine Avenue Ph II guideline value

The current guideline value of Sun Shine Avenue Ph II is Rs 886 per sq.ft, effective from 1 July 2024. This property is located in Thandalam village under the Thiruporur SRO, classified as Residential Special Type - II.

How the guideline value of Sun Shine Avenue Ph II has changed

The guideline value for Sun Shine Avenue Ph II has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 805 per sq.ft, which was an increase from the previous revisions. The most recent 2024 revision raised this figure to Rs 886 per sq.ft, reflecting a 10% increase from the 2023 value.

In summary, the guideline value has seen a rise from Rs 805 per sq.ft in 2023 to Rs 886 per sq.ft in 2024. This increase indicates a change in the valuation of properties in this area, with the current figure now established for the upcoming year.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 3,275 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Sun Shine Avenue Ph II's 2024 figure below this median.

• Sunshine Avenue: Rs 1,320 per sq.ft (2024)
• The Ritz Avenue: Rs 1,650 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Sri Agathiyar Avenue: Rs 770 per sq.ft (2024)
• Vip City In Life On Green: Rs 1,100 per sq.ft (2024)
• Palm Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sun Shine Avenue Ph II

For a 1,000 sq.ft plot at the current guideline value of Rs 886 per sq.ft, the total guideline value amounts to Rs 8,86,000. The stamp duty at 7% would be Rs 62,020, and the registration fee at 2% would be Rs 17,720, totaling Rs 79,740. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sun Shine Avenue Ph II?

The Sub Registrar Office that covers Sun Shine Avenue Ph II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the associated costs, ensuring that the transaction is officially documented and the necessary taxes are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sun Shine Avenue Ph II?

The current guideline value of Sun Shine Avenue Ph II is Rs 886 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 805 per sq.ft in 2023 to Rs 886 per sq.ft in 2024, reflecting a 10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sun Shine Avenue Ph II?

Sun Shine Avenue Ph II is classified as Residential Special Type - II. This classification is important for understanding the potential uses and regulations governing the property.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,86,000, the stamp duty would be Rs 62,020, and the registration fee would be Rs 17,720, totaling Rs 79,740. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Sun Shine Avenue Ph II is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information about your SRO through the provided link.