Guideline Value for STAR CITY PHASE-III

Star City Phase-III guideline value

The current guideline value of Star City Phase-III in Allappakkam village is Rs 1,102 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Residential Special Type - III.

How the guideline value of Star City Phase-III has changed

In the 2017 revision, the guideline value was set at Rs 737 per sq.ft. This figure saw a significant increase to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision has maintained the guideline value at Rs 1,102 per sq.ft, reflecting no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which is equal to the guideline value of Star City Phase-III.

• Star City Phase-II: Rs 1,102 per sq.ft (2024)
• Star City Phase-IV: Rs 1,102 per sq.ft (2024)
• Star City Phase-I: Rs 1,102 per sq.ft (2024)
• Star City Phase-V: Rs 1,102 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 800 per sq.ft (2024)
• Sun City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Star City Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total to Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Star City Phase-III?

The Sub Registrar Office covering Star City Phase-III is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Star City Phase-III?

The current guideline value of Star City Phase-III is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 737 per sq.ft to Rs 1,102 per sq.ft in 2024, marking an overall increase of 50%.

What are the stamp duty and registration fees for properties in Star City Phase-III?

For a 1,000 sq.ft property at the current guideline value, the total cost would be Rs 99,180, which includes stamp duty and registration fees.

Which office handles property registrations for Star City Phase-III?

The Chengleput Joint I Sub Registrar Office handles property registrations for Star City Phase-III, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Star City Phase-III?

Star City Phase-III is classified as Residential Special Type - III, which influences its guideline value and potential uses.