Guideline Value for STAR CITY PHASE-II

Star City Phase-II guideline value

The current guideline value of Star City Phase-II 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-II has changed

The guideline value for Star City Phase-II has seen several revisions over the years. In 2017, the guideline value was Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The most recent revision in 2024 shows a slight increase to Rs 1,102 per sq.ft, indicating no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 50%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 1,102 per sq.ft, which is the same as the 2024 figure for Star City Phase-II.

• Star City Phase-I: Rs 1,102 per sq.ft (2024)
• Star City Phase-III: Rs 1,102 per sq.ft (2024)
• Star City Phase-IV: 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-II

For a 1,000 sq.ft plot at the current rate of Rs 1,102 per sq.ft, the guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, totaling Rs 99,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Star City Phase-II?

The Chengleput Joint I Sub Registrar Office covers Star City Phase-II. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within 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 is a crucial factor in the registration process when buying or selling property in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps in ensuring that the transaction is recorded accurately, reflecting the value of the property as per the government's assessment. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,102 per sq.ft in 2024, marking a 50% increase overall.

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

Star City Phase-II is classified as Residential Special Type - III under the Chengleput Joint I SRO.

What are the stamp duty and registration fees for property in Star City Phase-II?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,180.

Which office handles the registration for Star City Phase-II?

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