Guideline Value for STAR CITY PHASE-I

Star City Phase-I guideline value

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

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

The guideline value for Star City Phase-I has seen several revisions over the years. In 2017, the guideline value was set at Rs 737 per sq.ft. This figure increased to Rs 1,100 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has maintained the guideline value at Rs 1,102 per sq.ft, showing a change of 0% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value for Star City Phase-I has increased by 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 value for these streets is Rs 1,102 per sq.ft, which is equal to the 2024 figure for Star City Phase-I.

• Star City Phase-II: 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-I

For a 1,000 sq.ft plot at the current rate of Rs 1,102 per sq.ft, the guideline value would be 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Star City Phase-I?

The Sub Registrar Office that covers Star City Phase-I 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 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 buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value for Star City Phase-I has increased from Rs 737 per sq.ft to Rs 1,102 per sq.ft, reflecting an overall increase of 50%.

What are the guideline values for other streets in Allappakkam?

Other streets in Allappakkam have varying guideline values, with rates ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft.

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

When buying property in Star City Phase-I, buyers are required to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Star City Phase-I is located at Chengleput Joint I Sub Registrar Office, 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.