Guideline Value for STAR BREEZE PHASE-I

Star Breeze Phase-I guideline value

The current guideline value of Star Breeze Phase-I in Valaiyakarani village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Special Type - I.

How the guideline value of Star Breeze Phase-I has changed

The guideline value for Star Breeze Phase-I has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, by the 2023 revision, the value returned to Rs 1,000 per sq.ft, maintaining that figure into the 2024 revision, which also stands at Rs 1,000 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, the most significant change occurred from 2017 to 2023, reflecting a 49% increase. Conversely, the revision from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change.

Guideline values in Valaiyakarani

In Valaiyakarani, there are four streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,239 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Star Breeze Phase-I above this median.

• Unnamed Layout S.No:58/1a,1b,2a,2b,2c,2d,2e,2f,2g,2h,2i: Rs 500 per sq.ft (2024)
• Vbhc: Rs 2,239 per sq.ft (2024)
• Vetri Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Star Breeze Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Star Breeze Phase-I?

The Sub Registrar Office that covers Star Breeze Phase-I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Valaiyakarani, the guideline value plays a crucial role in determining the registration fees and stamp duty. The registration process requires the payment of these fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the financial aspects of property transactions. It serves as a benchmark for assessing the value of properties in the area.

Frequently asked questions

What is the current guideline value of Star Breeze Phase-I?

The current guideline value of Star Breeze Phase-I is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Star Breeze Phase-I has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Valaiyakarani?

Other streets in Valaiyakarani have varying guideline values ranging from Rs 250 to Rs 2,239 per sq.ft. The median value for these streets is Rs 750 per sq.ft.

What fees are associated with buying property in Star Breeze Phase-I?

When buying property in Star Breeze Phase-I, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 90,000.

Where can I find the Sub Registrar Office for Star Breeze Phase-I?

The Sub Registrar Office for Star Breeze Phase-I is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.