Guideline Value for NEW STAR CITY ANNEX

New Star City Annex guideline value

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

How the guideline value of New Star City Annex has changed

The guideline value for New Star City Annex has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024, resulting in an overall increase of 49% from 2017 to 2024.

Guideline values in Arani

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

• New Star City Annex-I: Rs 200 per sq.ft (2024)
• New Star City Annex-II: Rs 200 per sq.ft (2024)
• New Star City Annex-III: 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

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 is charged at 7%, which totals Rs 14,000, and the registration fee is 2%, amounting to Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Star City Annex?

The New Star City Annex falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more details.

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 transactions in Arani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the correct amount of duty is paid during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for New Star City Annex has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2024, marking a total increase of 49% over this period.

What is the median guideline value for streets in Arani?

The median guideline value for streets in Arani is Rs 300 per sq.ft, with New Star City Annex being below this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for property in New Star City Annex?

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 for a 1,000 sq.ft plot at the current guideline value.

Which office handles property registrations for New Star City Annex?

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