Guideline Value for Metro Star City Annexe

Metro Star City Annexe guideline value

The current guideline value of Metro Star City Annexe is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Metro Star City Annexe has changed

In the 2017 revision, the guideline value was set at Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,420 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, and the guideline value for Metro Star City Annexe is above this median.

• Metro Star City: Rs 2,420 per sq.ft (2024)
• Metro Saraswathi Avenue: Rs 2,090 per sq.ft (2024)
• Metro Hitec Residency: Rs 4,580 per sq.ft (2024)
• Metro Grand City: Rs 4,580 per sq.ft (2024)
• Metha Nagar West 9th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar West 8th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Metro Star City Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400. Therefore, the total cost for stamp duty and registration fees would be Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metro Star City Annexe?

The Sub Registrar Office that covers Metro Star City Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate taxes.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Metro Star City Annexe?

The current guideline value of Metro Star City Annexe is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, reflecting a 64% increase overall. The most recent change was a 10% increase from Rs 2,200 per sq.ft in 2023.

What is the land classification for Metro Star City Annexe?

Metro Star City Annexe is classified as Mixed Special Type - I, which indicates the nature of land use in this area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 2,420 per sq.ft, the total stamp duty and registration fees would amount to Rs 2,17,800.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for the area.