Guideline Value

Corporate

Guideline Value for NEW STAR CITY ANNEXE - 17

₹550/sq.ft.

The guideline value for New Star City Annexe - 17 in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹500 /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 Annexe - 17

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New Star City Annexe - 17 guideline value

The current guideline value of New Star City Annexe - 17 is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Vilangadupakkam village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of New Star City Annexe - 17 has changed

The guideline value for New Star City Annexe - 17 has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 500 per sq.ft. Prior to that, the 2017 revision also recorded a value of Rs 500 per sq.ft, indicating no change from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 10%. The consistent value of Rs 500 per sq.ft from 2017 to 2023 reflects stability before the recent increase in 2024.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median guideline value in this area is Rs 440 per sq.ft, placing New Star City Annexe - 17 above the median at Rs 550 per sq.ft.

Stamp duty and registration fee for property in New Star City Annexe - 17

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Star City Annexe - 17?

The Sub Registrar Office that covers New Star City Annexe - 17 is 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 at which the property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value helps establish the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of New Star City Annexe - 17?

The current guideline value of New Star City Annexe - 17 is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, the value remained stable at Rs 500 per sq.ft.

What is the land classification of New Star City Annexe - 17?

New Star City Annexe - 17 is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for New Star City Annexe - 17?

The registration office for New Star City Annexe - 17 is the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Vilangadupakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.