Guideline Value

Corporate

Guideline Value for INDUSTRIAL ESTATE ROAD

₹6400/sq.ft.

The guideline value for Industrial Estate Road in Okkiyamthuraipakkam 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

Okkiyamthuraipakkam

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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
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 Industrial Estate Road

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Industrial Estate Road guideline value

The current guideline value of Industrial Estate Road in Okkiyamthuraipakkam village is Rs 6,400 per sq.ft, effective from 1 July 2024. This road falls under the Neelankarai SRO and is classified as Industries Type - I.

How the guideline value of Industrial Estate Road has changed

The guideline value for Industrial Estate Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 500 per sq.ft. This increased significantly to Rs 5,750 per sq.ft in 2012, but then decreased to Rs 3,852 per sq.ft in 2017. The value rose again to Rs 5,750 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 6,400 per sq.ft.

Between these revisions, the changes are noteworthy. From 2007 to 2012, there was a remarkable increase of 1050%. However, the value then dropped by 33% from 2012 to 2017. A significant rise of 49% occurred from 2017 to 2023, followed by an 11% increase from 2023 to 2024. Overall, the guideline value has increased by 1180% from 2007 to 2024.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The guideline value of Industrial Estate Road is above the median value of Rs 3,300 per sq.ft.

Stamp duty and registration fee for property in Industrial Estate Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Industrial Estate Road?

The Sub Registrar Office that covers Industrial Estate Road is 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 Okkiyamthuraipakkam

The guideline value is a crucial factor during the registration of property transactions in Okkiyamthuraipakkam. It serves as a reference point to determine the stamp duty and registration fees applicable when buying or selling property.

When a buyer purchases property, the registration process will use the guideline value to calculate the necessary fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Industrial Estate Road?

The current guideline value of Industrial Estate Road is Rs 6,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2007 to 2024?

The guideline value has increased by 1180% from Rs 500 per sq.ft in 2007 to Rs 6,400 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Industrial Estate Road in 2017 was Rs 3,852 per sq.ft.

Where can I find the Neelankarai Sub Registrar Office?

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

How is the stamp duty calculated for properties in Industrial Estate Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 64,00,000 would incur a stamp duty of Rs 4,48,000 at the rate of 7%.