Guideline Value for Star Enclave

Star Enclave guideline value

The current guideline value of Star Enclave in Soorapattu village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Ambattur SRO and is classified as Residential Special Type - III.

How the guideline value of Star Enclave has changed

The guideline value for Star Enclave has undergone several revisions over the years. The 2017 revision recorded a value of Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was revised to Rs 3,000 per sq.ft, and then it increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Star Enclave's current guideline value is above this median.

• Sri Ramanujar Enclave: Rs 1,601 per sq.ft (2024)
• Tanker Street: Rs 1,200 per sq.ft (2024)
• Thamaraikulam Street: Rs 1,200 per sq.ft (2024)
• Sri Kamalam Nagar: Rs 1,400 per sq.ft (2024)
• Thangam Nagar: Rs 1,700 per sq.ft (2024)
• Soorapattu Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Star Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Enclave?

The Sub Registrar Office that covers Star Enclave is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is essential for property transactions as it determines the minimum value at which a property can be registered. When buying or selling a property in Soorapattu, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Star Enclave?

The current guideline value of Star Enclave is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Star Enclave has changed from Rs 3,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Star Enclave?

Star Enclave is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000.

Which office handles registrations for properties in Star Enclave?

The Ambattur Sub Registrar Office handles registrations for properties in Star Enclave, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.