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Guideline Value

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Guideline Value for New Star City Gold

₹220/sq.ft.

The guideline value for New Star City Gold in Perungavur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 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

Perungavur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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 City Gold

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New Star City Gold guideline value

The current guideline value of New Star City Gold in Perungavur village, under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of New Star City Gold has changed

The guideline value for New Star City Gold has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 100 per sq.ft. It increased to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017. Following this, the value rose significantly to Rs 200 per sq.ft in 2023, and finally, it reached Rs 220 per sq.ft in the 2024 revision. The register has no figure for the years 2002 and 2003 for this street.

In terms of percentage changes, the value increased by 100% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for New Star City Gold is below this median.

Stamp duty and registration fee for property in New Star City Gold

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers New Star City Gold?

The New Star City Gold area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungavur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the sale is recorded at a fair price according to government standards. This value is periodically revised to reflect changes in the real estate market, and it is essential for both buyers and sellers to stay informed about these updates.

Frequently asked questions

What is the current guideline value of New Star City Gold?

The current guideline value of New Star City Gold is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 120% during this period.

What are the stamp duty and registration fees for a property in New Star City Gold?

For a property valued at Rs 2,20,000, the stamp duty is Rs 15,400, and the registration fee is Rs 4,400, totaling Rs 19,800.

Which Sub Registrar Office covers New Star City Gold?

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

What is the land classification for New Star City Gold?

The land classification for New Star City Gold is Residential Class III Type - I, indicating its suitability for residential development.