Guideline Value

Corporate

Guideline Value for New Star Avenue

₹330/sq.ft.

The guideline value for New Star Avenue in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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]
Records for a plot on New Star Avenue

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New Star Avenue guideline value

The current guideline value of New Star Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Sothupakkam village, under the Redhills Sub Registrar Office (SRO). The land classification is Residential Class III Type - I.

How the guideline value of New Star Avenue has changed

The guideline value for New Star Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft. This increased to Rs 300 per sq.ft in 2012, but then decreased to Rs 201 per sq.ft in 2017. The value rose significantly to Rs 300 per sq.ft in 2023, and then further increased to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 65%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft, with a median value of Rs 440 per sq.ft. New Star Avenue's 2024 guideline value is below this median.

Stamp duty and registration fee for property in New Star Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers New Star Avenue?

The Sub Registrar Office that covers New Star Avenue 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Sothupakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value of New Star Avenue?

The current guideline value of New Star Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 200 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, with various revisions in between, including a decrease and subsequent increases.

What is the registration office for New Star Avenue?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 330 per sq.ft, the stamp duty would be Rs 23,100.

Are there other streets in Sothupakkam with different guideline values?

Yes, there are other streets in Sothupakkam with varying guideline values, ranging from Rs 330 to Rs 1,150 per sq.ft, with a median value of Rs 440 per sq.ft.