Guideline Value for SIDCO INDUSTRIAL ESTATE (WARD -8)

Sidco Industrial Estate (Ward -8) guideline value

The current guideline value for Sidco Industrial Estate (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024. This property is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

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

The guideline value for Sidco Industrial Estate (Ward -8) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained the same in the 2023 revision. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The most recent 2024 revision increased the value to Rs 1,321 per sq.ft, marking a 10% rise from the previous year’s value of Rs 1,200 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value is Rs 1,100 per sq.ft, placing the guideline value for Sidco Industrial Estate (Ward -8) above this median.

• Silapathiharam Cross Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Shri Kumaran Nagar: Rs 1,650 per sq.ft (2024)
• Silappathikaram Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 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 guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total fees together to Rs 1,18,890. 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 more details.

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 Ninna Karai

The guideline value is a crucial factor during property transactions in Ninna Karai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When a property is bought or sold, the registration office uses the guideline value to assess the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead.

Frequently asked questions

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

The current guideline value for Sidco Industrial Estate (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a decrease to Rs 804 per sq.ft in 2017 and an increase to Rs 1,321 per sq.ft in 2024.

What is the land classification for Sidco Industrial Estate (Ward -8)?

Sidco Industrial Estate (Ward -8) is classified as Residential Special Type - V.

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 13,21,000, the stamp duty at 7% would be Rs 92,470.