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 1,320 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village under the Sriperumpudur SRO, and it falls under the land classification of Residential Special Type - I.

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

In the 2017 revision, the guideline value was Rs 603 per sq.ft. This figure increased to Rs 900 per sq.ft in the 2023 revision, marking a change of +49%. The most recent revision in 2024 saw a significant increase to Rs 1,320 per sq.ft, which is a rise of +47% from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +119%. This substantial rise indicates the changing landscape of property values in the area.

Guideline values in Mevaloorkuppam B

Mevaloorkuppam B village has 84 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Sun Tech Co-op City above that median.

• Subasree Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Urban Edge Phase-II: Rs 2,200 per sq.ft (2024)
• Urban Edge Phase - III: Rs 2,200 per sq.ft (2024)
• Vasan Nagar: Rs 400 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 guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. 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 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 B

The guideline value is a crucial factor during property registration in Mevaloorkuppam B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable at the time of the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market standards. This helps in maintaining transparency and accountability in real estate transactions.

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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of +119% over this period.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft. Sun Tech Co-op City is above this median value.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Which office handles registrations for Sun Tech Co-op City?

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