Guideline Value for INFINITY INDUSTRIAL AND LOGISTICS PARK

Infinity Industrial And Logistics Park guideline value

The current guideline value of Infinity Industrial And Logistics Park is Rs 351 per sq.ft, effective from 1 July 2024. This property is located in Orakadu & Kiruthalapuram village, under the Redhills SRO. The land classification for this area is Industries Type - I.

How the guideline value of Infinity Industrial And Logistics Park has changed

The guideline value register shows that there were no figures for Infinity Industrial And Logistics Park in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 351 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was no percentage change, with the guideline value remaining at Rs 351 per sq.ft. This consistency indicates that the value has stabilized over the last two years.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft, with a median value of Rs 385 per sq.ft. The guideline value of Infinity Industrial And Logistics Park is below this median.

• Gomathiamman Nagar Anex- XI: Rs 275 per sq.ft (2024)
• Kakkanji Street: Rs 275 per sq.ft (2024)
• Kalaignar Street: Rs 385 per sq.ft (2024)
• Gandhi Street: Rs 385 per sq.ft (2024)
• Kambar Street: Rs 385 per sq.ft (2024)
• Divine City: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Infinity Industrial And Logistics Park

For a 1,000 sq.ft plot at the current guideline value of Rs 351 per sq.ft, the total guideline value would be Rs 3,51,000. The stamp duty at 7% would amount to Rs 24,570, and the registration fee at 2% would be Rs 7,020, resulting in a total of Rs 31,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Infinity Industrial And Logistics Park?

The Sub Registrar Office that covers Infinity Industrial And Logistics Park is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value plays a crucial role in the registration process of property transactions in Orakadu & Kiruthalapuram. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property as per the government’s assessment. This helps in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Infinity Industrial And Logistics Park?

The current guideline value of Infinity Industrial And Logistics Park is Rs 351 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 351 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values in Orakadu & Kiruthalapuram?

The guideline values in Orakadu & Kiruthalapuram range from Rs 275 to Rs 900 per sq.ft, with a median value of Rs 385 per sq.ft. Infinity Industrial And Logistics Park's value is below this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees can amount to Rs 31,590.

Where is the Sub Registrar Office located for this property?

The Sub Registrar Office for Infinity Industrial And Logistics Park is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.