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 area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this estate 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 undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. However, the value saw a significant increase in the 2023 revision, rising to Rs 1,200 per sq.ft, and further increased by 10% in the 2024 revision to the current value of Rs 1,320 per sq.ft.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the value has increased by 10%. The guideline value register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value across these streets is Rs 990 per sq.ft, making the current value of Sidco Industrial Estate (Ward -8) above the 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 guideline value of Rs 1,320 per sq.ft, the total 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, making the total charges Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers 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 Panangottur

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in ensuring that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. This process helps maintain transparency in property transactions.

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 seen several revisions, with the value increasing from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024. The value was Rs 1,200 per sq.ft in 2012 and again in 2023.

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

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

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sidco Industrial Estate?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 92,400.