Guideline Value

Corporate

Guideline Value for NEW STAR CITY

₹350/sq.ft.

The guideline value for New Star City in Vadamadurai-1 village (Arani_tiruvallur SRO, Chennai zone) is Rs 350 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadamadurai-1

Village

Arani_Tiruvallur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹350 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /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)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[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]
Records for a plot on New Star City

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New Star City guideline value

The current guideline value for New Star City, located in Vadamadurai-1 village under the Arani_Tiruvallur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of New Star City has changed

The guideline value for New Star City has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 350 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 234 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and from 2017 to 2024, it has also increased by 50%. The value remained unchanged from 2023 to 2024, indicating stability in the recent revisions.

Guideline values in Vadamadurai-1

In Vadamadurai-1, there are nine streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing New Star City above this median.

Stamp duty and registration fee for property in New Star City

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty is charged at 7%, resulting in Rs 24,500, and the registration fee is charged at 2%, amounting to Rs 7,000. Together, the total cost for stamp duty and registration fee is Rs 31,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Star City?

The New Star City area is covered by 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 information.

How the guideline value is used when you buy or sell in Vadamadurai-1

The guideline value is a crucial factor in the registration process for property transactions in Vadamadurai-1. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, impacting the overall financial commitment of the transaction.

Frequently asked questions

What is the current guideline value for New Star City?

The current guideline value for New Star City is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2023 to 2024 and increased by 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024.

What other streets have guideline values in Vadamadurai-1?

Other streets in Vadamadurai-1 include M.T.C. Nagar Phase-VI, Sri Bhavani Amman Nagar, Sri Kumaran Avenue, Sun Star City, E.K.K. Nagar Phase-I, and Dr. Kalam City, with values ranging from Rs 175 to Rs 500 per sq.ft in 2024.

Where is the Arani_Tiruvallur Sub Registrar Office located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

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

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 Rs 350 per sq.ft incurs a stamp duty of Rs 24,500.