Guideline Value

Corporate

Guideline Value for NEW STAR CITY

₹585/sq.ft.

The guideline value for New Star City in Grandlyon village (Redhills SRO, Chennai zone) is Rs 585 per sq.ft, effective 1 July 2024. It was Rs 536 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Grandlyon

Village

Redhills

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹585 /sq.ft.
From 1-4-2023 ₹536 /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 guideline value

The current guideline value of New Star City, located in Grandlyon village under the Redhills SRO, is Rs 585 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - II.

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 register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 536 per sq.ft, and it increased by 9% to Rs 585 per sq.ft in the 2024 revision.

Comparing the revisions, the 2024 value of Rs 585 per sq.ft marks a significant increase from the previous year. This change reflects the latest update in the guideline values as determined by the Registration Department.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that have 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. New Star City's 2024 guideline value is below 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 585 per sq.ft, the total guideline value would be Rs 5,85,000. The stamp duty at 7% would amount to Rs 40,950, while the registration fee at 2% would be Rs 11,700, bringing the total to Rs 52,650. It is important to note that the 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 information on costs.

Which Sub Registrar Office covers New Star City?

The Sub Registrar Office that covers New Star City 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Grandlyon. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is registered, the guideline value is used to determine the applicable duties, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of New Star City?

The current guideline value of New Star City is Rs 585 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased by 9% from Rs 536 per sq.ft in 2023 to Rs 585 per sq.ft in 2024.

What is the land classification of New Star City?

New Star City is classified as Residential Class III Type - II according to the local regulations.

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

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,85,000, the stamp duty would be Rs 40,950 at a rate of 7%.