Guideline Value for STAR CITY

Star City guideline value

The current guideline value of Star City, located in Kannivakkam village under the Thiruporur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Star City has changed

In the 2023 revision, the guideline value for Star City was also set at Rs 1,000 per sq.ft. There was no change in the guideline value from 2023 to 2024, reflecting a 0% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the only revisions available for Star City are from 2023 and 2024, both maintaining a guideline value of Rs 1,000 per sq.ft. This consistency indicates stability in the valuation for this property in recent years.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. The guideline value for Star City is below this median.

• Sri Manav Cityscape: Rs 450 per sq.ft (2024)
• Shanmuga Nagar: Rs 1,493 per sq.ft (2024)
• Selli Amman Avenue: Rs 1,800 per sq.ft (2024)
• Sarathy Nagar Phase-I, Phase-II: Rs 900 per sq.ft (2024)
• Saraswathi Avenue: Rs 900 per sq.ft (2024)
• Sanjai Nagar Phase - I: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Star City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, calculated at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Star City?

The Sub Registrar Office that covers Star City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Kannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the government. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Star City?

The current guideline value of Star City 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 City has remained at Rs 1,000 per sq.ft from 2023 to 2024, with no changes noted in previous revisions from 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kannivakkam?

The median guideline value in Kannivakkam is Rs 1,050 per sq.ft, with Star City being below this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for Star City?

For a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000.

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

The Sub Registrar Office for Star City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.