Guideline Value for LUCKY STAR CITY

Lucky Star City guideline value

The current guideline value of Lucky Star City in Panpakkam village, under the Gummidipoondi SRO, is Rs 250 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Lucky Star City has changed

The guideline value for Lucky Star City has remained consistent over the recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 250 per sq.ft, and the same value was carried into the 2024 revision, indicating no change between these two years.

From the 2023 to the 2024 revision, the guideline value increased by 0%. This stability in the guideline value suggests a consistent valuation for properties in this area.

Guideline values in Panpakkam

In Panpakkam, three streets are listed under the Gummidipoondi SRO with a 2024 guideline value ranging from Rs 250 to Rs 750 per sq.ft, with a median value of Rs 750 per sq.ft. Lucky Star City's current guideline value is below this median.

• Annamalaiyar Nagar: Rs 750 per sq.ft (2024)
• அண்ணாமலையார் நகர்: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Lucky Star City

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Lucky Star City?

The Sub Registrar Office that covers Lucky Star City is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Panpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Lucky Star City?

The current guideline value for Lucky Star City is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2023 revision and continues at that rate in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Panpakkam?

In addition to Lucky Star City, other streets in Panpakkam have guideline values ranging from Rs 250 to Rs 750 per sq.ft. Annamalaiyar Nagar and அண்ணாமலையார் நகர் both have a guideline value of Rs 750 per sq.ft in 2024.

How is stamp duty calculated in Lucky Star City?

Stamp duty in Lucky Star City is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.

Where can I find the Sub Registrar Office for Lucky Star City?

The Sub Registrar Office for Lucky Star City is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201. You can find more information online.