Guideline Value for NEW STAR CITY GOLD

New Star City Gold guideline value

The current guideline value of New Star City Gold is Rs 248 per sq.ft, effective from 1 July 2024. This property is located in Kodipallam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of New Star City Gold has changed

The guideline value for New Star City Gold has undergone several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 225 per sq.ft in 2012. However, it saw a decrease to Rs 151 per sq.ft in 2017. The value then rose to Rs 226 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 248 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 396%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kodipallam

In Kodipallam, there are 11 streets under the Thiruvottiyur SRO that carry a 2024 guideline value of Rs 248 per sq.ft, with the median also being Rs 248 per sq.ft. New Star City Gold's 2024 figure is equal to this median.

• New Clever City: Rs 248 per sq.ft (2024)
• Karthik Nagar: Rs 248 per sq.ft (2024)
• S.K.M. Garden: Rs 248 per sq.ft (2024)
• Sri Bhavani Amman Garden: Rs 248 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 248 per sq.ft (2024)
• Sri Bhavani Amman Nagar Ext: Rs 248 per sq.ft (2024)

Stamp duty and registration fee for property in New Star City Gold

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total cost for these fees to Rs 22,320. Please note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Star City Gold?

The New Star City Gold property falls under the Thiruvottiyur Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kodipallam. It determines the stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. This ensures that both buyers and sellers are informed about the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of New Star City Gold?

The current guideline value of New Star City Gold is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 248 per sq.ft in 2024, reflecting an overall increase of 396% over the years.

What are the stamp duty and registration fees for properties in New Star City Gold?

For a 1,000 sq.ft plot, the stamp duty would be Rs 17,360 and the registration fee would be Rs 4,960, totaling Rs 22,320, based on the current guideline value.

Which office handles property registrations for New Star City Gold?

The Thiruvottiyur Sub Registrar Office handles property registrations for New Star City Gold, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for New Star City Gold?

New Star City Gold is classified as Residential Special Type - I, which is relevant for determining its guideline value and other regulatory aspects.