Guideline Value

Corporate

Guideline Value for STAR CITY

₹268/sq.ft.

The guideline value for Star City in Mappedu village (Perambakkam SRO, Chennai zone) is Rs 268 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mappedu

Village

Perambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹268 /sq.ft.
From 1-4-2023 ₹268 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Jothi Ramalinga Nagar. Near Post Office. Perambakkam. 631402
044-27655200
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Star City guideline value

The current guideline value of Star City, located in Mappedu village under the Perambakkam SRO, is Rs 268 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - II land classification.

How the guideline value of Star City has changed

The guideline value for Star City has remained consistent over the years. The register shows that from the 2017 revision to the 2024 revision, the value has been Rs 268 per sq.ft. Similarly, the 2023 revision also recorded the same figure of Rs 268 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, the guideline value has not changed from 2017 to 2024, indicating a steady valuation throughout this period. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a consistent value of Rs 268 per sq.ft, with no percentage increase or decrease noted.

Guideline values in Mappedu

Within Mappedu village, there are 9 streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 234 to Rs 400 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Star City's 2024 figure below this median.

Stamp duty and registration fee for property in Star City

For a 1,000 sq.ft plot at the current guideline value of Rs 268 per sq.ft, the total guideline value amounts to Rs 2,68,000. The stamp duty at 7% would be Rs 18,760, and the registration fee at 2% would be Rs 5,360, leading to a total cost of Rs 24,120. 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 City?

The Sub Registrar Office that covers Star City is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher amount. This ensures that the government collects the appropriate fees based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Star City?

The current guideline value of Star City is Rs 268 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 consistent at Rs 268 per sq.ft from 2017 to 2024, with no changes recorded in the revisions from 2023 to 2024 and 2017 to 2023.

What are the other streets in Mappedu with their guideline values?

Other streets in Mappedu include Sri Vigneshwara Nagar at Rs 268 per sq.ft, Sri Krishna Nagar at Rs 234 per sq.ft, Sri Dhanalakshmi Nagar at Rs 275 per sq.ft, Thirukumaran Nagar at Rs 300 per sq.ft, Sadasivam Nagar at Rs 275 per sq.ft, and Rose Garden at Rs 400 per sq.ft.

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

For a 1,000 sq.ft plot at the guideline value of Rs 268 per sq.ft, the total guideline value is Rs 2,68,000. The stamp duty would be Rs 18,760, and the registration fee would be Rs 5,360, totaling Rs 24,120.

Which office handles registrations for Star City?

The Perambakkam Sub Registrar Office handles registrations for Star City, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.