Guideline Value

Corporate

Guideline Value for NEW STAR CITY-III

₹700/sq.ft.

The guideline value for New Star City-iii 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-III guideline value

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

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

According to the register, the guideline value for New Star City-III has remained Rs 700 per sq.ft in both the 2023 and 2024 revisions. The revisions prior to 2023, specifically in 2017, 2012, 2007, 2003, and 2002, have no figure listed for this street.

From the 2023 to the 2024 revision, there has been a change of +0%, maintaining the value at Rs 700 per sq.ft. This consistency indicates stability in the guideline value for this property in the recent revisions.

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 value of Rs 440 per sq.ft. The guideline value for New Star City-III is above this median, reflecting its position within the village.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to 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, bringing the total fees together to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Star City-III?

The Sub Registrar Office that covers New Star City-III 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 plays a crucial role during the registration of property transactions in Palavayal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Proper understanding of this value helps in budgeting for additional expenses such as stamp duty and registration fees, which are mandatory for completing property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for New Star City-III has remained Rs 700 per sq.ft in the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of New Star City-III?

New Star City-III is classified as Industries Type - I. This classification can affect various aspects of property use and development.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. This office handles registrations for properties in the area.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at the rate of 7%.