Guideline Value

Corporate

Guideline Value for INDUSTRIAL ESTATE

₹6400/sq.ft.

The guideline value for Industrial Estate in Perungudi 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

Perungudi

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 N/A
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

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Industrial Estate guideline value

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

How the guideline value of Industrial Estate has changed

The guideline value for Industrial Estate has undergone several revisions over the years. In 2012, the value was set at Rs 5,750 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 3,852 per sq.ft. The value then increased significantly to Rs 5,750 per sq.ft in 2023, before rising again to the current rate of Rs 6,400 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The latest revision from 2023 to 2024 reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has seen an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the current guideline value of Industrial Estate above that median.

Stamp duty and registration fee for property in Industrial 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 to Rs 5,76,000. It is important to note that 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?

The Industrial Estate falls under the jurisdiction of 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 Perungudi

The guideline value is a crucial factor when buying or selling property in Perungudi. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used to calculate the applicable duties.

When registering a property, it is essential to consider the guideline value as it reflects the official assessment of property values in the area. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Industrial Estate?

The current guideline value of Industrial Estate in Perungudi village 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 changed from Rs 5,750 in 2012 to Rs 3,852 in 2017, then back to Rs 5,750 in 2023, and finally to Rs 6,400 in 2024. The overall change from 2012 to 2024 is an increase of 11%.

What are the other streets in Perungudi and their guideline values?

Other streets in Perungudi include Iyappan Cross Street at Rs 2,200 per sq.ft, Iyappan Ist Street at Rs 2,800 per sq.ft, and several others, all listed with their respective guideline values.

How is stamp duty calculated for properties in Industrial Estate?

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

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. You can find more details through the provided link.