Guideline Value for Tristar City

Tristar City guideline value

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

How the guideline value of Tristar City has changed

The guideline value for Tristar City has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 150 per sq.ft, which was also the figure from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 100 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, going from Rs 100 to Rs 150 per sq.ft. Overall, from 2017 to 2024, the value has increased by 50%, remaining consistent at Rs 150 per sq.ft in both 2023 and 2024.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Tristar City's guideline value is below this median.

• Vasantham Gardens: Rs 400 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Vasantham Nature City (Sri Aurobindo Nagar): Rs 400 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)

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, charged at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000. Therefore, the total cost for these fees would be Rs 13,500. Note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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_C

The guideline value plays a crucial role during the registration of property transactions in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid by the buyer at the time of registration.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, and it increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Vadakal_C?

Other streets in Vadakal_C have varying guideline values. For example, Vasantham Gardens has a value of Rs 400 per sq.ft, while Vasantham Nagar is at Rs 750 per sq.ft.

What is the stamp duty rate for property in Tristar City?

The stamp duty rate for property in Tristar City is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Tristar City located?

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