Guideline Value

Corporate

Guideline Value for Surya Avenue

₹1210/sq.ft.

The guideline value for Surya Avenue in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Surya Avenue

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Surya Avenue guideline value

The current guideline value of Surya Avenue, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Surya Avenue has changed

The guideline value of Surya Avenue has seen significant changes over the years. The 2017 revision registered a value of Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision reflects a further increase of 10%, bringing the guideline value to Rs 1,210 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which means the guideline value of Surya Avenue is below this median.

Stamp duty and registration fee for property in Surya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Surya Avenue?

The Surya Avenue property falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property's value.

When a property is sold, the buyer and seller must consider the guideline value to calculate the necessary fees accurately. This value is essential for legal documentation and ensures compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Surya Avenue?

The current guideline value of Surya Avenue is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024. The most recent change was a 10% increase from Rs 1,100 per sq.ft in 2023.

What are the other streets in Kunrathour-B and their guideline values?

Other streets in Kunrathour-B include Surya Nagar Extension at Rs 660 per sq.ft, Suraya Avenue Annexe at Rs 1,210 per sq.ft, Sunshine Avenue at Rs 4,620 per sq.ft, Sun City Annexe at Rs 1,760 per sq.ft, Sun city at Rs 1,760 per sq.ft, and Temple Waves at Rs 1,760 per sq.ft.

What is the stamp duty for property in Surya Avenue?

The stamp duty for a property in Surya Avenue is calculated at 7% of the guideline value. For a 1,000 sq.ft plot at Rs 1,210 per sq.ft, the stamp duty amounts to Rs 84,700.

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

The Sub Registrar Office covering Surya Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by visiting the appropriate link.