Guideline Value

Corporate

Guideline Value for Industrial Garden

₹1006/sq.ft.

The guideline value for Industrial Garden in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1006 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 101% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1006 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹31 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Garden

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Industrial Garden guideline value

The current guideline value for Industrial Garden in Vadaperumbakkam village, under the Redhills SRO, is Rs 1,006 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Industrial Garden has changed

The guideline value for Industrial Garden has undergone several revisions over the years. In 2003, the value was Rs 31 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007. The following revision in 2012 saw the value remain at Rs 500 per sq.ft, but by 2017, it had risen to Rs 335 per sq.ft. The 2023 revision marked a substantial increase to Rs 500 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 1,006 per sq.ft.

Notably, there is no figure available for the year 2002 in the register for this street. The changes between the revisions show a remarkable increase of 3145% from 2003 to 2024. Specifically, the change from 2023 to 2024 is an increase of 101%, while there was a 49% increase from 2017 to 2023.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, positioning Industrial Garden's 2024 figure above that median.

Stamp duty and registration fee for property in Industrial Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total fees to Rs 90,540. 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 Industrial Garden?

The Industrial Garden area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Vadaperumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable fees.

When engaging in transactions, it is essential to reference the latest guideline values to ensure compliance with the registration requirements. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Industrial Garden?

The current guideline value for Industrial Garden is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 31 per sq.ft in 2003 to Rs 1,006 per sq.ft in 2024, showing a significant overall increase of 3145% over the years.

What is the registration office for Industrial Garden?

The registration office for Industrial Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Vadaperumbakkam?

Stamp duty in Vadaperumbakkam is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 10,06,000, the stamp duty at 7% would be Rs 70,420.

What are the other streets in Vadaperumbakkam with their guideline values?

Other streets in Vadaperumbakkam include Indira Square at Rs 1,000 per sq.ft, Jaya Nagar at Rs 1,003 per sq.ft, and several others, with values ranging from Rs 1,000 to Rs 1,300 per sq.ft in 2024.