Guideline Value

Corporate

Guideline Value for NEW STAR CITY ANNEX - XI

₹985/sq.ft.

The guideline value for New Star City Annex - Xi in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 985 per sq.ft, effective 1 July 2024. It was Rs 896 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹985 /sq.ft.
From 1-4-2023 ₹896 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹600 /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]
Records for a plot on New Star City Annex - Xi

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New Star City Annex - XI guideline value

The current guideline value of New Star City Annex - XI is Rs 985 per sq.ft, effective from 1 July 2024. This property is located in Vilangadupakkam village, under the jurisdiction of the Redhills SRO. The land classification for this area is Mixed Type - I.

How the guideline value of New Star City Annex - XI has changed

The guideline value for New Star City Annex - XI has seen significant changes over the years. The earliest recorded figure is from the 2017 revision, which was Rs 600 per sq.ft. This increased to Rs 896 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 985 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of New Star City Annex - XI is above this median, indicating a higher valuation compared to many other streets.

Stamp duty and registration fee for property in New Star City Annex - XI

For a 1,000 sq.ft plot at the current guideline value of Rs 985 per sq.ft, the total guideline value amounts to Rs 9,85,000. The stamp duty at 7% would be Rs 68,950, and the registration fee at 2% would be Rs 19,700, bringing the total fees to Rs 88,650. It is important to note that the stamp 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 New Star City Annex - XI?

The New Star City Annex - XI is covered by 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 Vilangadupakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of the transaction.

When a property is sold, the guideline value is used to calculate these fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of New Star City Annex - XI?

The current guideline value of New Star City Annex - XI is Rs 985 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 600 per sq.ft to Rs 985 per sq.ft, which is an overall increase of 64% over the years.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 896 per sq.ft, reflecting a 49% increase from the 2017 figure.

Are there any years without a recorded guideline value for New Star City Annex - XI?

Yes, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for New Star City Annex - XI.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,85,000, the stamp duty at 7% would be Rs 68,950.