Guideline Value for SIDCO Thiru Vi Ka Industrial Estate

SIDCO Thiru Vi Ka Industrial Estate guideline value

The current guideline value of SIDCO Thiru Vi Ka Industrial Estate is Rs 9,400 per sq.ft, effective from 1 July 2024. This estate is located in Alandur Guindy village, under the Alandur SRO, and is classified as Industries Special Type - I.

How the guideline value of SIDCO Thiru Vi Ka Industrial Estate has changed

The guideline value for SIDCO Thiru Vi Ka Industrial Estate has seen several revisions over the years. In the 2017 revision, the value was Rs 5,695 per sq.ft. This increased significantly to Rs 8,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 9,400 per sq.ft, which is an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Alandur Guindy

In Alandur Guindy, there are 8 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 3,900 to Rs 11,200 per sq.ft. The median value for these streets is Rs 8,550 per sq.ft, making the current value of SIDCO Thiru Vi Ka Industrial Estate above this median.

• Reddy Street (Sidco Estate Residential Area): Rs 7,700 per sq.ft (2024)
• Parthasarathy Mandapam Lane: Rs 3,900 per sq.ft (2024)
• Parthasarathy Koil Street (Sidco Estate Residential Area): Rs 3,900 per sq.ft (2024)
• Vgn Fairmont: Rs 9,500 per sq.ft (2024)
• 100 Feet Road/ Inner Ring Road/ Jawaralal: Rs 11,200 per sq.ft (2024)
• Labour Colony (Sidco Estate Residential Area): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO Thiru Vi Ka Industrial Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO Thiru Vi Ka Industrial Estate?

The Sub Registrar Office that covers SIDCO Thiru Vi Ka Industrial Estate is located at Alandur Sub Registrar Office, 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Alandur Guindy. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SIDCO Thiru Vi Ka Industrial Estate?

The current guideline value of SIDCO Thiru Vi Ka Industrial Estate is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,695 per sq.ft in 2017 to Rs 9,400 per sq.ft in 2024, marking a total increase of 65% over this period.

What is the land classification for SIDCO Thiru Vi Ka Industrial Estate?

The land classification for SIDCO Thiru Vi Ka Industrial Estate is Industries Special Type - I.

Where can I find the registration office for SIDCO Thiru Vi Ka Industrial Estate?

The registration office for SIDCO Thiru Vi Ka Industrial Estate is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in SIDCO Thiru Vi Ka Industrial Estate?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.