Guideline Value for star avenue

Star Avenue guideline value

The current guideline value of Star Avenue is Rs 600 per sq.ft. It is located in Irunkattukottai_B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Star Avenue has changed

The guideline value for Star Avenue has remained stable at Rs 600 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the 2017 revision set the guideline value at Rs 402 per sq.ft, marking a 49% increase when comparing the 2017 and 2023 figures. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. The 2024 revision, effective from 1 July 2024, continues to reflect the value of Rs 600 per sq.ft.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Star Avenue's 2024 figure above this median.

• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 per sq.ft (2024)
• Sri Gajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Star Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value is Rs 6,00,000. The stamp duty at 7% amounts to Rs 42,000, and the registration fee at 2% is Rs 12,000, bringing the total fees to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Star Avenue?

The Sub Registrar Office that covers Star Avenue 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 Irunkattukottai_B

The guideline value is a crucial factor in the registration process when buying or selling property in Irunkattukottai_B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are registered at a fair value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Star Avenue?

The current guideline value of Star Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 600 per sq.ft from the 2023 revision to the 2024 revision. Prior to that, it was Rs 402 per sq.ft in 2017, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification for Star Avenue?

Star Avenue is classified as Residential Class I Type - I, which is significant for determining its usage and potential development.

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

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

How is the stamp duty calculated for properties in Star Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft incurs a total guideline value of Rs 6,00,000, leading to a stamp duty of Rs 42,000.