Guideline Value

Corporate

Guideline Value for NEW STAR CITY DIAMOND ANNEX

₹880/sq.ft.

The guideline value for New Star City Diamond Annex in Grandlyon village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Grandlyon

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹800 /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]

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New Star City Diamond Annex guideline value

The current guideline value of New Star City Diamond Annex is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Grandlyon village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of New Star City Diamond Annex has changed

In the 2017 revision, the guideline value was Rs 800 per sq.ft. This figure remained the same in the 2023 revision, where it was again recorded at Rs 800 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 880 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Grandlyon

In Grandlyon, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of New Star City Diamond Annex is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, calculated at 7%, would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Star City Diamond Annex?

The New Star City Diamond Annex falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Grandlyon. It determines the amount of stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of New Star City Diamond Annex is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2017 to Rs 800 in 2023, and then increased to Rs 880 in 2024. The overall change from 2017 to 2024 is an increase of 10%.

What is the land classification for New Star City Diamond Annex?

New Star City Diamond Annex is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in New Star City Diamond Annex?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 61,600.