Guideline Value for THREE STAR NAGAR

Three Star Nagar guideline value

The current guideline value of Three Star Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Padappai village, under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Three Star Nagar has changed

The guideline value for Three Star Nagar has seen significant changes over the years. In 2017, the guideline value was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. The guideline value of Three Star Nagar is above this median.

• Thoppu Street: Rs 1,320 per sq.ft (2024)
• Thulukanathamman Koil Street: Rs 830 per sq.ft (2024)
• Thiru.Vi.Ka.Nagar: Rs 830 per sq.ft (2024)
• Thiruvalluvar Street: Rs 830 per sq.ft (2024)
• Thiru.Subramani Nagar: Rs 830 per sq.ft (2024)
• Vandalur - Walajabad Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Three Star Nagar

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, making the total charges Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Three Star Nagar?

The Sub Registrar Office covering Three Star Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Padappai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the buying or selling of a property.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Three Star Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Three Star Nagar?

Three Star Nagar is classified as Commercial Class I Type - I, which reflects its zoning and intended use.

What are the stamp duty and registration fees for a property in Three Star Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Three Star Nagar located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.