Guideline Value for Sunder Avenue Annexe

Sunder Avenue Annexe guideline value

The current guideline value of Sunder Avenue Annexe is Rs 1,760 per sq.ft. This area is located in Chikkarayapuram village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sunder Avenue Annexe has changed

The guideline value for Sunder Avenue Annexe has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012. However, this value saw a decrease of 33% to Rs 1,072 per sq.ft in 2017. The 2023 revision brought the value up to Rs 1,600 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,760 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 487%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chikkarayapuram

Chikkarayapuram has 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Sunder Avenue Annexe is below this median.

• Sunder Avenue: Rs 1,980 per sq.ft (2024)
• Sushilammal Nagar: Rs 1,980 per sq.ft (2024)
• Sueelambal Nagar: Rs 1,870 per sq.ft (2024)
• Subramani Nagar: Rs 1,980 per sq.ft (2024)
• Subbiya Nagar: Rs 1,980 per sq.ft (2024)
• Sri Venkateswara Nagar I, II, III: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sunder Avenue Annexe

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

Which Sub Registrar Office covers Sunder Avenue Annexe?

The Sub Registrar Office that covers Sunder Avenue Annexe 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 Chikkarayapuram

The guideline value is a crucial factor during property registration in Chikkarayapuram. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sunder Avenue Annexe?

The current guideline value of Sunder Avenue Annexe is Rs 1,760 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 487% over this period.

What is the registration office for Sunder Avenue Annexe?

The registration office for Sunder Avenue Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sunder Avenue Annexe?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at a rate of 7%.

Are there other streets in Chikkarayapuram with different guideline values?

Yes, there are several other streets in Chikkarayapuram with varying guideline values, ranging from Rs 1,430 to Rs 2,800 per sq.ft, with Sunder Avenue Annexe being below the median value of Rs 1,980 per sq.ft.