Guideline Value

Corporate

Guideline Value for METRO STAR CITY

₹200/sq.ft.

The guideline value for Metro Star City in Aathur village (Redhills SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aathur

Village

Redhills

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹200 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Metro Star City guideline value

The current guideline value for Metro Star City, located in Aathur village under the Redhills SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Metro Star City has changed

In the 2017 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 200 per sq.ft. The most recent 2024 revision continues this trend, maintaining the guideline value at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, there has been no change in the guideline value, with the percentage change between 2023 and 2024 also recorded as +0%. This consistency in the guideline value reflects stability in the area over the past several revisions.

Guideline values in Aathur

Aathur village has 11 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft, with a median value of Rs 220 per sq.ft. Metro Star City's guideline value is below this median.

Stamp duty and registration fee for property in Metro Star City

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metro Star City?

The Sub Registrar Office that covers Metro Star City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Aathur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for Metro Star City?

The current guideline value for Metro Star City is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Metro Star City has remained constant at Rs 200 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions.

What is the median guideline value for streets in Aathur?

The median guideline value for streets in Aathur is Rs 220 per sq.ft, with Metro Star City's value being below this median.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Metro Star City?

The Redhills Sub Registrar Office handles property registrations for Metro Star City, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.