Guideline Value

Corporate

Guideline Value for INDS.ESTATE (ELECTRICALS & ELECTRIONICS ESTATE)

₹6400/sq.ft.

The guideline value for Inds.estate (electricals & Electrionics Estate) in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 6400 per sq.ft, effective 1 July 2024. It was Rs 5750 per sq.ft from 1 April 2023, a 11% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹6400 /sq.ft.
From 1-4-2023 ₹5750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3852 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹313 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Inds.estate (electricals & Electrionics Estate)

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Inds.Estate (Electricals & Electrionics Estate) guideline value

The current guideline value for Inds.Estate (Electricals & Electrionics Estate) is Rs 6,400 per sq.ft, effective from 1 July 2024. This estate is located in Palavakkam village under the Neelankarai SRO, classified as Industries Type - I.

How the guideline value of Inds.Estate (Electricals & Electrionics Estate) has changed

The guideline value for Inds.Estate has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 313 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2007, marking a rise of 283%. The value then jumped to Rs 5,750 per sq.ft in 2012, reflecting a remarkable increase of 379%. However, it decreased to Rs 3,852 per sq.ft in 2017, a decline of 33%. In 2023, the value rose again to Rs 5,750 per sq.ft, and finally, the current value is Rs 6,400 per sq.ft as of the 2024 revision, showing an increase of 11% from the previous year.

Overall, from the 2003 revision to the current 2024 value, there has been a substantial increase of 1945%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, making the current value of Inds.Estate above this median.

Stamp duty and registration fee for property in Inds.Estate (Electricals & Electrionics Estate)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value amounts to Rs 64,00,000. The stamp duty at 7% would be Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, bringing the total fees to Rs 5,76,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Inds.Estate (Electricals & Electrionics Estate)?

The Inds.Estate (Electricals & Electrionics Estate) falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Palavakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to refer to the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable duties.

Frequently asked questions

What is the current guideline value for Inds.Estate?

The current guideline value for Inds.Estate (Electricals & Electrionics Estate) is Rs 6,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 313 per sq.ft in 2003 to Rs 6,400 per sq.ft in 2024, reflecting an overall increase of 1945% over this period.

What is the median guideline value in Palavakkam?

The median guideline value in Palavakkam is Rs 3,300 per sq.ft, with Inds.Estate's current value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Inds.Estate?

The Sub Registrar Office covering Inds.Estate is the Neelankarai SRO, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.