Guideline Value

Corporate

Guideline Value for NEW STAR CITY ANNEX-II

₹200/sq.ft.

The guideline value for New Star City Annex-ii in Arani village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arani

Village

Arani_Tiruvallur

SRO

Residential Class IV 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 ₹100 /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)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[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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New Star City Annex-II guideline value

The current guideline value of New Star City Annex-II is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class IV Type - I.

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

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2023 revision, where it increased to Rs 200 per sq.ft. The 2024 revision has also set the guideline value at Rs 200 per sq.ft, indicating no change from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 100% from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in 2024.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing New Star City Annex-II below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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 cost together to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The New Star City Annex-II falls under the Arani_Tiruvallur Sub Registrar Office located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Arani. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of New Star City Annex-II is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and has remained at Rs 200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of New Star City Annex-II?

New Star City Annex-II is classified as Residential Class IV Type - I. This classification is important for understanding the potential uses of the land.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total cost of Rs 18,000 in fees.

Where can I find the Sub Registrar Office for New Star City Annex-II?

The Sub Registrar Office covering New Star City Annex-II is located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101. You can find more information by visiting the relevant link.