Guideline Value for Sunshine Avenue

Sunshine Avenue guideline value

The current guideline value of Sunshine Avenue in Thandalam village, under the Thiruporur SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - III.

How the guideline value of Sunshine Avenue has changed

The guideline value for Sunshine Avenue has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,275 per sq.ft, with a median value of Rs 1,650 per sq.ft. Sunshine Avenue's 2024 figure is below this median.

• Sun Shine Avenue Ph II: Rs 886 per sq.ft (2024)
• The Ritz Avenue: Rs 1,650 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Sri Agathiyar Avenue: Rs 770 per sq.ft (2024)
• Vip City In Life On Green: Rs 1,100 per sq.ft (2024)
• Palm Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sunshine Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost of duty and fees to Rs 1,18,800. 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 further calculations.

Which Sub Registrar Office covers Sunshine Avenue?

The Sub Registrar Office that covers Sunshine Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thandalam. 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 bought or sold, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sunshine Avenue?

The current guideline value of Sunshine Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sunshine Avenue?

Sunshine Avenue is classified as Mixed Type - III, which indicates the nature of land use in the area.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Sunshine Avenue located?

The Sub Registrar Office for Sunshine Avenue is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.