Guideline Value for Sun Tech Co-op City

Sun Tech Co-op City guideline value

The current guideline value of Sun Tech Co-op City is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Sun Tech Co-op City has changed

The guideline value for Sun Tech Co-op City has undergone several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it dropped to Rs 603 per sq.ft in 2017 before returning to Rs 900 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was 20%. Overall, from 2007 to 2024, the guideline value has increased by 20%.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam village, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sun Tech Co-op City is above this median.

• Subasree Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 300 per sq.ft (2024)
• Vasan Nagar: Rs 400 per sq.ft (2024)
• Sree Sayee Nagar: Rs 900 per sq.ft (2024)
• Venkateswara Nagar: Rs 300 per sq.ft (2024)
• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sun Tech Co-op City

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sun Tech Co-op City?

The Sub Registrar Office that covers Sun Tech Co-op City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mevaloorkuppam, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When registering a property, the guideline value serves as a reference point to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sun Tech Co-op City?

The current guideline value of Sun Tech Co-op City is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent values being Rs 900 per sq.ft in 2023 and 2024, down from Rs 603 per sq.ft in 2017, and Rs 750 per sq.ft in 2007.

What is the land classification of Sun Tech Co-op City?

Sun Tech Co-op City is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Sun Tech Co-op City?

The Sub Registrar Office for Sun Tech Co-op City is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sun Tech Co-op City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000, leading to a stamp duty of Rs 63,000.