Guideline Value for NEW STAR CITY ANNEX-I

New Star City Annex-I guideline value

The current guideline value of New Star City Annex-I 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-I has changed

The guideline value for New Star City Annex-I has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, where it was increased to Rs 200 per sq.ft. The 2024 revision also maintains this value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 100%. Overall, from 2017 to 2024, there has been a 100% increase in the guideline value, reflecting the current rate of Rs 200 per sq.ft.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. New Star City Annex-I's current guideline value is below this median.

• New Star City Annex-II: Rs 200 per sq.ft (2024)
• New Star City Annex-III: Rs 200 per sq.ft (2024)
• New Star City Annex: Rs 200 per sq.ft (2024)
• Nadukuppam: Rs 200 per sq.ft (2024)
• Muligi Street: Rs 400 per sq.ft (2024)
• Perumal Kuppam: Rs 200 per sq.ft (2024)

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

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, leading to a total of Rs 18,000. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office covering New Star City Annex-I is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. For more details, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property in Arani. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, reflecting a 100% increase overall from 2017 to 2024.

What are the registration fees associated with property transactions in New Star City Annex-I?

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 Sub Registrar Office handles registrations for New Star City Annex-I?

The Arani_Tiruvallur Sub Registrar Office handles registrations for New Star City Annex-I, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

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

New Star City Annex-I is classified as Residential Class IV Type - I according to the guideline value register.