Guideline Value for Tristar City

Tristar City guideline value

The current guideline value of Tristar City, located in Vadakal_B village under the Sriperumpudur SRO, is Rs 150 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Tristar City has changed

In the 2017 revision, the guideline value for Tristar City was Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 150 per sq.ft. The 2024 revision also maintains the guideline value at Rs 150 per sq.ft, reflecting a 0% change from the previous year. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only relevant revisions for Tristar City are from 2017, 2023, and 2024, showing stability in the recent years.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Tristar City's 2024 figure is below this median.

• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Velalar Street: Rs 300 per sq.ft (2024)
• Theepanji Amman Koil Street: Rs 150 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)
• V.G.P.Vinoth Town: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Tristar City

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Tristar City?

The Sub Registrar Office that covers Tristar 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 information.

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

The guideline value is a critical factor when buying or selling property in Vadakal_B. It determines the minimum value at which a property can be registered, ensuring that the transaction is conducted within the legal framework set by the government.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Tristar City?

The current guideline value of Tristar City is Rs 150 per sq.ft, effective from the 2024 revision on 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%, from Rs 100 per sq.ft to Rs 150 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Tristar City?

The land classification for Tristar City is Residential Class IV Type - I, indicating its designated use for residential purposes.

What is the registration office for Tristar City?

The registration office for Tristar City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Tristar City?

Stamp duty for properties in Tristar City is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 13,500 in fees.