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Guideline Value

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Guideline Value for New Star Ctiy Annex - VII

₹550/sq.ft.

The guideline value for New Star Ctiy Annex - Vii in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /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)

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 Ctiy Annex - Vii

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New Star Ctiy Annex - VII guideline value

The current guideline value of New Star Ctiy Annex - VII is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village and falls under the Redhills SRO. The land classification for this property is Residential Class II Type - I.

How the guideline value of New Star Ctiy Annex - VII has changed

The guideline value for New Star Ctiy Annex - VII has seen several revisions over the years. The 2017 revision recorded a value of Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value over the years.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 365 to Rs 1,792 per sq.ft. The median guideline value for the village is Rs 440 per sq.ft, placing New Star Ctiy Annex - VII above this median.

Stamp duty and registration fee for property in New Star Ctiy Annex - VII

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 further calculations.

Which Sub Registrar Office covers New Star Ctiy Annex - VII?

The Sub Registrar Office that covers New Star Ctiy Annex - VII 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 Vilangadupakkam

The guideline value is a critical factor when registering property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of New Star Ctiy Annex - VII?

The current guideline value of New Star Ctiy Annex - VII is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking a total increase of 64% over the years.

What is the median guideline value in Vilangadupakkam?

The median guideline value in Vilangadupakkam is Rs 440 per sq.ft, with New Star Ctiy Annex - VII being above this median.

Which Sub Registrar Office should I visit for property registration?

The Redhills Sub Registrar Office is responsible for property registration in New Star Ctiy Annex - VII, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in New Star Ctiy Annex - VII?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be 7% of that value.