Guideline Value for Sunrais Avenue

Sunrais Avenue guideline value

The current guideline value of Sunrais Avenue in Appur village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sunrais Avenue has changed

Over the years, the guideline value for Sunrais Avenue has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 500 per sq.ft. In 2017, this value decreased to Rs 335 per sq.ft, marking a reduction of 33%. However, by 2023, the value had increased to Rs 500 per sq.ft, and it remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows no net change, as it remains at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Appur

In Appur village, there are 7 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,642 per sq.ft. The median value among these streets is Rs 500 per sq.ft, placing Sunrais Avenue at this median value.

• Sri Padmavathi Nagar: Rs 500 per sq.ft (2024)
• Soundarya Nagar: Rs 500 per sq.ft (2024)
• Karthikeyan Nagar: Rs 500 per sq.ft (2024)
• Ekansha Avenue: Rs 1,642 per sq.ft (2024)
• Soundarya Nagar Phase - I: Rs 500 per sq.ft (2024)
• சௌந்தர்யா நகர் பேஸ் II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sunrais Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sunrais Avenue?

Sunrais Avenue is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Appur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the correct fees are collected. This value serves as a benchmark for transactions, ensuring transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sunrais Avenue?

The current guideline value of Sunrais Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a notable decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 by 2023.

What is the land classification of Sunrais Avenue?

Sunrais Avenue is classified as Residential Special Type - I under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for a property in Sunrais Avenue?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles the registration for Sunrais Avenue?

The Chengleput Joint II Sub Registrar Office handles the registration for Sunrais Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.