Guideline Value for Surya Nagar Extension

Surya Nagar Extension guideline value

The current guideline value of Surya Nagar Extension is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Surya Nagar Extension has changed

The guideline value for Surya Nagar Extension has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in the 2023 revision, which reflects a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, marking a significant increase of +49% when compared to the 2023 figure.

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

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. Surya Nagar Extension's 2024 figure is below this median.

• Surya Avenue: Rs 1,210 per sq.ft (2024)
• Suraya Avenue Annexe: Rs 1,210 per sq.ft (2024)
• Sunshine Avenue: Rs 4,620 per sq.ft (2024)
• Sun City Annexe: Rs 1,760 per sq.ft (2024)
• Sun city: Rs 1,760 per sq.ft (2024)
• Temple Waves: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Surya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty, charged at 7%, would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surya Nagar Extension?

The Sub Registrar Office that covers Surya Nagar Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical component in the registration process of property transactions in Kunrathour-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Surya Nagar Extension?

The current guideline value of Surya Nagar Extension is Rs 660 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%, with notable changes of +49% from 2017 to 2023 and +10% from 2023 to 2024.

What is the land classification for Surya Nagar Extension?

Surya Nagar Extension is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the registration office for Surya Nagar Extension?

The registration office for Surya Nagar Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Surya Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 46,200.