Guideline Value for Sun city

Sun city guideline value

The current guideline value of Sun city, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Sun city has changed

The guideline value for Sun city has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a guideline value in 2024, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, positioning Sun city’s 2024 figure above this median.

• Sun City Annexe: Rs 1,760 per sq.ft (2024)
• Sunshine Avenue: Rs 4,620 per sq.ft (2024)
• Subramania Swamy Nagar: Rs 1,430 per sq.ft (2024)
• Suraya Avenue Annexe: Rs 1,210 per sq.ft (2024)
• Subhiksham: Rs 1,810 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sun city

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sun city?

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

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration process of property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thus impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sun city?

The current guideline value of Sun city is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024.

What are the other streets in Kunrathour-B and their guideline values?

Other streets in Kunrathour-B include Sun City Annexe at Rs 1,760 per sq.ft, Sunshine Avenue at Rs 4,620 per sq.ft, and Subhiksham at Rs 1,810 per sq.ft, among others.

What is the stamp duty rate for properties in Sun city?

The stamp duty rate for properties in Sun city is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sun city?

The Sub Registrar Office for Sun city is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by visiting the appropriate link.