Guideline Value for SIDCO 75/1A, 1B

Sidco 75/1a, 1b guideline value

The current guideline value of Sidco 75/1a, 1b is Rs 1,095 per sq.ft, effective from 1 July 2024. This property is located in Chembarambakkam village and falls under the Poonamallee SRO. The land classification for this area is Industries Type - III.

How the guideline value of Sidco 75/1a, 1b has changed

The guideline value for Sidco 75/1a, 1b has seen several revisions over the years. The register has no figures for this street from the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft, and it increased to Rs 1,095 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the revisions from 2002 to 2017. Thus, the only changes noted are from the 2023 revision to the 2024 revision, where the guideline value rose from Rs 1,000 to Rs 1,095 per sq.ft.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sidco 75/1a, 1b's 2024 figure below this median.

• Sidco: Rs 1,095 per sq.ft (2024)
• Shanthi Bhavanam: Rs 1,095 per sq.ft (2024)
• Spartan Enclave: Rs 1,540 per sq.ft (2024)
• Spotlight: Rs 2,700 per sq.ft (2024)
• Sathya Nagar: Rs 1,540 per sq.ft (2024)
• Sri Golden City J J Nagar: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Sidco 75/1a, 1b

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value would be Rs 10,95,000. The stamp duty at 7% would amount to Rs 76,650, and the registration fee at 2% would be Rs 21,900, resulting in a total cost of Rs 98,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sidco 75/1a, 1b?

The Sub Registrar Office covering Sidco 75/1a, 1b is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Chembarambakkam. 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 these costs are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the state.

Frequently asked questions

What is the current guideline value for Sidco 75/1a, 1b?

The current guideline value for Sidco 75/1a, 1b is Rs 1,095 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,095 per sq.ft in 2024, marking a change of +10%.

What are the registration fees for property in Sidco 75/1a, 1b?

The registration fees for a property in Sidco 75/1a, 1b are calculated based on the guideline value. For example, on a 1,000 sq.ft plot, the total registration fee would amount to Rs 21,900.

Which Sub Registrar Office should I visit for transactions in Sidco 75/1a, 1b?

The Poonamallee Sub Registrar Office is the designated office for transactions related to Sidco 75/1a, 1b. It is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the significance of the guideline value in property transactions?

The guideline value serves as a basis for calculating stamp duty and registration fees during property transactions. It ensures that the property is registered at a fair value and helps maintain transparency in the real estate market.