Guideline Value for Suncity I,II

Suncity I,II guideline value

The current guideline value of Suncity I,II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kaval Kazhani village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Suncity I,II has changed

Over the years, the guideline value of Suncity I,II has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the 2023 revision brought it back to Rs 300 per sq.ft, and the current 2024 revision maintains this rate at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Kaval Kazhani

Kaval Kazhani village has 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 226 to Rs 1,550 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Suncity I,II is equal to this median.

• Suncity: Rs 300 per sq.ft (2024)
• Teachers VIP Layout: Rs 400 per sq.ft (2024)
• Sri Sheshadhri Avenue: Rs 400 per sq.ft (2024)
• Thirumagal Nagar: Rs 226 per sq.ft (2024)
• Thirumalai nagar phase-III: Rs 400 per sq.ft (2024)
• Thirumal Nagar Extension: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Suncity I,II

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, together totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suncity I,II?

The Sub Registrar Office that covers Suncity I,II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kaval Kazhani. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps establish a standard for pricing, which can affect negotiations between buyers and sellers. It is important to be aware of the current guideline value to make informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Suncity I,II?

The current guideline value of Suncity I,II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in 2024, which is the same as in 2023. It was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification of Suncity I,II?

Suncity I,II is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Suncity I,II?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Suncity I,II?

The Sunguvarchattram Sub Registrar Office handles registrations for Suncity I,II, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.