Guideline Value for Five Star Nagar

Five Star Nagar guideline value

The current guideline value of Five Star Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Agaram Male village under the Poonamallee Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Five Star Nagar has changed

The guideline value for Five Star Nagar has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft as of the 2024 revision, representing a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 2,800 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Five Star Nagar's 2024 figure below that median.

• Chozhan Nagar: Rs 770 per sq.ft (2024)
• Lakshmi Nagar: Rs 770 per sq.ft (2024)
• Aathavan Avenue: Rs 1,650 per sq.ft (2024)
• M.G.A Avenue: Rs 770 per sq.ft (2024)
• M.G.M Nagar: Rs 770 per sq.ft (2024)
• Murugesan Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Five Star Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total cost of Rs 49,500. 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 more details.

Which Sub Registrar Office covers Five Star Nagar?

The Sub Registrar Office that covers Five Star Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Agaram Male, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Five Star Nagar?

The current guideline value of Five Star Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Five Star Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Five Star Nagar?

The Poonamallee Sub Registrar Office covers Five Star Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the median guideline value in Agaram Male?

The median guideline value for the streets in Agaram Male is Rs 770 per sq.ft, while Five Star Nagar's value is below this median at Rs 550 per sq.ft.