Guideline Value

Corporate

Guideline Value for NEW STAR CITY ANNEX-14

₹500/sq.ft.

The guideline value for New Star City Annex-14 in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. It was Rs 469 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹469 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /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-14

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New Star City Annex-14 guideline value

The current guideline value of New Star City Annex-14 is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Vilangadupakkam village, under the Redhills SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of New Star City Annex-14 has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 500 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, there has been a 7% increase in the guideline value.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The 2024 guideline value of Rs 500 per sq.ft is above the median of Rs 440 per sq.ft for the 160 streets in Vilangadupakkam under the Redhills SRO.

Guideline values in Vilangadupakkam

In Vilangadupakkam, the guideline values range from Rs 365 to Rs 1,792 per sq.ft in 2024, with a median value of Rs 440 per sq.ft. The guideline value for New Star City Annex-14 is above this median.

Stamp duty and registration fee for property in New Star City Annex-14

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Please 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 more details.

Which Sub Registrar Office covers New Star City Annex-14?

The New Star City Annex-14 falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 is a crucial factor when registering property transactions in Vilangadupakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in setting a baseline for negotiations. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for New Star City Annex-14?

The current guideline value for New Star City Annex-14 is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 500 per sq.ft in 2024, marking a 7% increase. There was no change in the value from 2017 to 2023.

What is the median guideline value in Vilangadupakkam?

The median guideline value in Vilangadupakkam is Rs 440 per sq.ft for the year 2024. New Star City Annex-14's value is above this median.

What are the stamp duty and registration fees for properties in New Star City Annex-14?

For a 1,000 sq.ft plot valued at Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles the registration for New Star City Annex-14?

The Redhills Sub Registrar Office handles the registration for New Star City Annex-14. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.