Guideline Value

Corporate

Guideline Value for Surya Avenue

₹1320/sq.ft.

The guideline value for Surya Avenue in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mangadu -a

Village

Kunrathur

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /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 is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class II Type - III.

How the guideline value of Surya Avenue has changed

The guideline value for Surya Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. This change reflects a 10% rise from the previous year. Prior to that, the 2017 revision had the value at Rs 804 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the guideline value register has no figures for Surya Avenue in the years 2002, 2003, 2007, and 2012.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. Surya Avenue's 2024 guideline value 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surya Avenue?

The Sub Registrar Office that covers Surya Avenue is 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 Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is often considered the minimum value for the purpose of registration. This means that the stamp duty will be calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Surya Avenue?

The current guideline value of Surya Avenue is Rs 1,320 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 804 per sq.ft to Rs 1,320 per sq.ft in 2024. The most recent change from 2023 to 2024 was a 10% increase.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be 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.

Which office handles the registration for Surya Avenue?

The Kunrathur Sub Registrar Office handles the registration for Surya Avenue, located at No.59. Road Street, Kundrathur, Chennai -600 069.

What is the significance of guideline value in property transactions?

The guideline value is essential in property transactions as it determines the stamp duty and registration fees payable during the registration process. It ensures that the government receives the appropriate revenue from property sales.