Guideline Value for LUCKY STAR CITY

Lucky Star City guideline value

The current guideline value of Lucky Star City, located in Kattavoor village under the Ponneri SRO, is Rs 100 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Lucky Star City has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision saw a significant increase to Rs 100 per sq.ft, which was maintained in the 2024 revision, resulting in a total increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has seen no change.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The guideline value figures for the revisions available indicate a fluctuating trend, but the current value aligns with the median for similar streets in the village.

Guideline values in Kattavoor

In Kattavoor, five streets under the Ponneri SRO carry a 2024 guideline value of Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Lucky Star City's guideline value matches this median. The other streets in Kattavoor include:

• Kumaran Kudiyirupu: Rs 100 per sq.ft (2024)
• Kumaran Kudiyiruppu: Rs 100 per sq.ft (2024)
• Sundaram Avenue: Rs 100 per sq.ft (2024)
• Thiruppur Kumaran Nagar: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lucky Star City?

The Lucky Star City area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Kattavoor. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring that all fees are calculated based on the accurate guideline value helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lucky Star City?

The current guideline value of Lucky Star City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remains the same in 2024.

What are the stamp duty and registration fees for property in Lucky Star City?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 9,000, which includes a stamp duty of Rs 7,000 and a registration fee of Rs 2,000.

Which Sub Registrar Office covers Lucky Star City?

The Ponneri Sub Registrar Office covers Lucky Star City, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What other streets in Kattavoor have the same guideline value?

Other streets in Kattavoor that share the same guideline value of Rs 100 per sq.ft include Kumaran Kudiyirupu, Kumaran Kudiyiruppu, Sundaram Avenue, and Thiruppur Kumaran Nagar.