Guideline Value for Sunder Avenue

Sunder Avenue guideline value

The current guideline value of Sunder Avenue in Chikkarayapuram village, under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Sunder Avenue has changed

The guideline value for Sunder Avenue has seen significant changes over the years. The earliest recorded figure is from 2003, at Rs 63 per sq.ft. This increased to Rs 300 per sq.ft in 2007, followed by a substantial rise to Rs 1,400 per sq.ft in 2012. However, there was a decrease to Rs 938 per sq.ft in 2017. The value then surged to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 3043%. It is important to note that there is no figure available for the year 2002 for this street.

Guideline values in Chikkarayapuram

In Chikkarayapuram, 61 streets under the Kunrathur SRO have a 2024 guideline value range from Rs 1,430 to Rs 2,800 per sq.ft, with the median value being Rs 1,980 per sq.ft. Sunder Avenue's 2024 figure aligns with this median.

• Sunder Avenue Annexe: Rs 1,760 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Sunder Avenue?

The Sunder Avenue is covered by 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 plays a crucial role in the registration process when buying or selling property in Chikkarayapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair valuation. This helps maintain transparency and legality in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sunder Avenue?

The current guideline value of Sunder Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 63 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, with various revisions in between.

What is the land classification for Sunder Avenue?

Sunder Avenue is classified as Mixed Special Type - I according to the land classification guidelines.

What are the registration fees for property in Sunder Avenue?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sunder Avenue?

The Kunrathur Sub Registrar Office, which covers Sunder Avenue, is located at No.59, Road Street, Kundrathur, Chennai -600 069.