Guideline Value for SIDCO INDUSTRIAL ESTATE (WARD -8)

Sidco Industrial Estate (Ward -8) guideline value

The current guideline value of Sidco Industrial Estate (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Sidco Industrial Estate (Ward -8) has changed

The guideline value for Sidco Industrial Estate has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, a rise of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the current value of Sidco Industrial Estate (Ward -8) above this median.

• Silapathiharam Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sidco Industrial Estate (Ward -8)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sidco Industrial Estate (Ward -8)?

The Sub Registrar Office covering Sidco Industrial Estate (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Sidco Industrial Estate (Ward -8)?

The current guideline value of Sidco Industrial Estate (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Sidco Industrial Estate (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles registrations for Sidco Industrial Estate (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The guideline value is used to determine the minimum registration value for properties, which affects the stamp duty and registration fees during a property transaction. It ensures that all transactions are conducted in a transparent manner.