Guideline Value

Corporate

Guideline Value for NEW STAR CITY-1

₹700/sq.ft.

The guideline value for New Star City-1 in Palavayal village (Redhills SRO, Chennai zone) is Rs 700 per sq.ft, effective 1 July 2024. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavayal

Village

Redhills

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹700 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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-1 guideline value

The current guideline value of New Star City-1 is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Palavayal village under the Redhills SRO, classified as Industries Type - I.

How the guideline value of New Star City-1 has changed

According to the registration figures, the guideline value for New Star City-1 has been Rs 700 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From the 2023 revision to the 2024 revision, there has been no change, with a percentage increase of +0%. The guideline value has remained consistent at Rs 700 per sq.ft during this period.

Guideline values in Palavayal

In Palavayal, there are 22 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 1,200 per sq.ft, with a median of Rs 440 per sq.ft. The guideline value of New Star City-1 is above this median.

Stamp duty and registration fee for property in New Star City-1

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Star City-1?

The Sub Registrar Office that covers New Star City-1 is the Redhills Sub Registrar Office, located at 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 Palavayal

The guideline value is a critical factor in the registration process for property transactions in Palavayal. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the official rates set by the Registration Department. Buyers and sellers must consider this value to comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of New Star City-1?

The current guideline value of New Star City-1 is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has been Rs 700 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Palavayal with their guideline values?

Other streets in Palavayal include New Star City-II and New Star City-III, both at Rs 700 per sq.ft, while New Sun Garden Phase - I, Painthamil Nagar, Pillaiyar Koil Street, and Poombugar Nagar are at Rs 440 per sq.ft.

What is the stamp duty for a property in New Star City-1?

The stamp duty for a property in New Star City-1 is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 49,000.

Where can I find the Sub Registrar Office for New Star City-1?

The Sub Registrar Office covering New Star City-1 is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.