Guideline Value for Industrial Park

Industrial Park guideline value

The current guideline value for Industrial Park in Irunkulam village, under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Industrial Park has changed

Over the years, the guideline value for Industrial Park has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, the same as in 2023. Prior to this, the 2017 revision set the value at Rs 268 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also had the guideline value at Rs 400 per sq.ft, showing a decrease of 33% from the previous revision in 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Irunkulam

Currently, there are no specific guideline values provided for other streets in Irunkulam under the Sriperumpudur SRO. The only available figure is for Industrial Park.

Stamp duty and registration fee for property in Industrial Park

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Industrial Park?

The Industrial Park is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Irunkulam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When a buyer or seller approaches the Sriperumpudur SRO for registration, the guideline value is referenced to calculate the applicable charges, ensuring that the transaction adheres to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Industrial Park?

The current guideline value for Industrial Park in Irunkulam village is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 400 per sq.ft in 2024 and 2023. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, but remained unchanged from 2012 to 2024.

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

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office registers properties in Industrial Park?

The Sriperumpudur Sub Registrar Office is responsible for registering properties in Industrial Park. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

Are there other streets in Irunkulam with guideline values?

Currently, there are no specific guideline values provided for other streets in Irunkulam under the Sriperumpudur SRO. The only available figure is for Industrial Park.