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 1,320 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam 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

Looking at the historical revisions, the guideline value for Sidco Industrial Estate (Ward -8) has seen several changes. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023 and further increased to the current rate of Rs 1,320 per sq.ft in 2024.

The changes between these revisions include a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a positive adjustment of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Sidco Industrial Estate's current value 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 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty is calculated at 7%, which comes to Rs 92,400, while the registration fee is 2%, amounting to Rs 26,400. Together, the total fees would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the guideline value helps determine the official price at which the property is registered. This ensures transparency and consistency in property transactions within the area.

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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 1,200 per sq.ft, decreasing to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What are the other streets in Sattamangalam with the same guideline value?

Other streets in Sattamangalam that share the same guideline value of Rs 1,320 per sq.ft in 2024 include Silapathiharam Cross Street and Silappathikaram Street, both located in Ward -8.

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

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

Where can I find the Chengleput Joint II Sub Registrar Office?

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