Guideline Value for Sunshine Apartments

Sunshine Apartments guideline value

The current guideline value of Sunshine Apartments in Thirumangalam village under the AnnaNagar SRO is Rs 13,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sunshine Apartments has changed

The guideline value for Sunshine Apartments has seen several revisions over the years. Starting from Rs 3,472 per sq.ft in 2007, it increased significantly to Rs 12,000 per sq.ft in 2012, marking a 246% rise. However, it decreased to Rs 8,040 per sq.ft in 2017, which is a 33% decline. The value then rose to Rs 12,000 per sq.ft in 2023, and most recently, it reached Rs 13,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 280%. There are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for Sunshine Apartments is above this median.

• Telephone Stores: Rs 11,500 per sq.ft (2024)
• Temple View Colony/Flats: Rs 14,800 per sq.ft (2024)
• Thillaiyadi Valliammai Nagar: Rs 4,400 per sq.ft (2024)
• Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar: Rs 3,300 per sq.ft (2024)
• Sangam Apartments: Rs 13,200 per sq.ft (2024)
• Vivekananda Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sunshine Apartments

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total cost for these fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sunshine Apartments?

The Sub Registrar Office that covers Sunshine Apartments is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when purchasing or selling property in Thirumangalam, as it determines the official value for registration purposes. Buyers and sellers must consider this value to calculate applicable stamp duties and registration fees during the transaction process.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sunshine Apartments?

The current guideline value of Sunshine Apartments is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,472 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 280% over the years.

What is the land classification for Sunshine Apartments?

The land classification for Sunshine Apartments is Mixed Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which office handles the registration of properties in Thirumangalam?

The AnnaNagar Sub Registrar Office handles the registration of properties in Thirumangalam, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.