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 Peramanoor 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. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,320 per sq.ft.

Examining the changes between these revisions reveals a significant increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, representing a 49% increase. The 2023 to 2024 revision saw a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value of these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Sidco Industrial Estate 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 661 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 550 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value is a crucial factor during property registration in Peramanoor. It serves as a benchmark for determining the minimum value at which property transactions are recorded, ensuring that properties are not undervalued during the sale process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

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 most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a change of 10%. From 2012 to 2024, the overall increase is 10% as well.

What are the other streets in Peramanoor with similar guideline values?

Other streets in Peramanoor that share the same guideline value of Rs 1,320 per sq.ft for 2024 include Silapathiharam Cross Street and Silappathikaram Street, among others.

What is the registration fee for property in Sidco Industrial Estate?

The registration fee for property in Sidco Industrial Estate is calculated based on the guideline value. For example, for a property valued at Rs 13,20,000, the registration fee at 2% would be Rs 26,400.

Which office handles registrations for Sidco Industrial Estate?

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