Guideline Value for Star City Annex

Star City Annex guideline value

The current guideline value of Star City Annex is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Star City Annex has changed

The guideline value for Star City Annex has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase from Rs 1,400 per sq.ft in 2023, which represents a 10% rise. Prior to this, the 2017 revision recorded a value of Rs 938 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%.

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 Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The guideline value of Star City Annex aligns with the median value of Rs 1,540 per sq.ft for this area.

• Subam Avenue Phase-I: Rs 2,860 per sq.ft (2024)
• Subam Avenue Phase-II: Rs 2,860 per sq.ft (2024)
• Subasree Nagar: Rs 1,430 per sq.ft (2024)
• Subbarayan Nagar: Rs 1,430 per sq.ft (2024)
• Subhiksham: Rs 1,810 per sq.ft (2024)
• Subramania Swamy Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Star City Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for these fees to Rs 1,38,600. It is important to 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 more detailed calculations.

Which Sub Registrar Office covers Star City Annex?

The Sub Registrar Office that covers Star City Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation set by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on either 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 Annex?

The current guideline value of Star City Annex is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 64% during this period.

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

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations in Star City Annex?

The Kunrathur Sub Registrar Office handles property registrations for Star City Annex, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets in Kunrathour-B with different guideline values?

Yes, there are several other streets in Kunrathour-B with varying guideline values, ranging from Rs 660 to Rs 5,130 per sq.ft, with the median value being Rs 1,540 per sq.ft.