Guideline Value for Star city

Star city guideline value

The current guideline value of Star city, located in Amarampedu village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Star city has changed

The guideline value for Star city has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, by the 2023 revision, the value returned to Rs 200 per sq.ft, maintaining this figure through to the 2024 revision, which also stands at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. The value then remained stable from 2023 to 2024, showing a change of +0%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median value across these streets is Rs 200 per sq.ft, which is equal to the current guideline value for Star city.

• Sri Senthil Avenue: Rs 200 per sq.ft (2024)
• Sri Ramkrishna Nagar: Rs 200 per sq.ft (2024)
• Sri Rajeswari Nagar: Rs 150 per sq.ft (2024)
• Sri Mahalaxmi Nagar: Rs 150 per sq.ft (2024)
• Sivan Koil Street: Rs 200 per sq.ft (2024)
• School Street: Rs 350 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty, charged at 7%, would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Therefore, the total cost for these fees would be Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Star city?

The Sub Registrar Office that covers Star city is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during property transactions in Amarampedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures that the transaction reflects the value set by the government, which is essential for maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Star city?

The current guideline value of Star city is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 and a return to Rs 200 per sq.ft in 2023.

What is the land classification for Star city?

Star city falls under the Residential Class I Type - I land classification, indicating its suitability for residential development.

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

The Sub Registrar Office for Star city is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.

How is stamp duty calculated in Amarampedu?

Stamp duty in Amarampedu is calculated based on the guideline value or the sale price of the property, whichever is higher. The rates are typically 7% for stamp duty and 2% for registration fees.