Guideline Value

Corporate

Guideline Value for Industrial Estate 118

₹2200/sq.ft.

The guideline value for Industrial Estate 118 in Madavilagam village (Poonamallee SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madavilagam

Village

Poonamallee

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 118

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Industrial Estate 118 guideline value

The current guideline value of Industrial Estate 118 is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village, under the jurisdiction of the Poonamallee SRO. The land classification for this area is Industries Type - I.

How the guideline value of Industrial Estate 118 has changed

The guideline value for Industrial Estate 118 has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, and Industrial Estate 118's value is above this median.

Stamp duty and registration fee for property in Industrial Estate 118

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Industrial Estate 118?

The Sub Registrar Office that covers Industrial Estate 118 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madavilagam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Industrial Estate 118?

The current guideline value of Industrial Estate 118 is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing a total increase of 633% over the years.

What are the stamp duty and registration fees for a property in Industrial Estate 118?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, making the total fees Rs 1,98,000.

Which Sub Registrar Office covers the area of Industrial Estate 118?

The Poonamallee Sub Registrar Office covers Industrial Estate 118, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the median guideline value in Madavilagam?

The median guideline value in Madavilagam is Rs 1,100 per sq.ft, with Industrial Estate 118's value being above this median.