Guideline Value for SIDCO

Sidco guideline value

The current guideline value of Sidco in Chembarambakkam village, under the Poonamallee SRO, is Rs 1,095 per sq.ft, effective from 1 July 2024. The land classification for this area is Industries Type - III.

How the guideline value of Sidco has changed

Over the years, the guideline value for Sidco has seen several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,000 per sq.ft, which was then increased to Rs 1,095 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the guideline value for Sidco has increased from Rs 1,000 per sq.ft in 2023 to Rs 1,095 per sq.ft in 2024. This places the current value below the median guideline value of Rs 1,100 per sq.ft for Chembarambakkam, which has 64 streets under the Poonamallee SRO with values ranging from Rs 550 to Rs 4,000 per sq.ft.

Guideline values in Chembarambakkam

In Chembarambakkam, the guideline values vary significantly across different streets. The current value of Sidco at Rs 1,095 per sq.ft is slightly below the median value of Rs 1,100 per sq.ft. Below are the guideline values for other streets in Chembarambakkam:

• Sidco 75/1a, 1b: Rs 1,095 per sq.ft (2024)
• Shanthi Bhavanam: Rs 1,095 per sq.ft (2024)
• Spartan Enclave: Rs 1,540 per sq.ft (2024)
• Spotlight: Rs 2,700 per sq.ft (2024)
• Sathya Nagar: Rs 1,540 per sq.ft (2024)
• Sri Golden City J J Nagar: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Sidco

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value would be Rs 10,95,000. The stamp duty at 7% would amount to Rs 76,650, and the registration fee at 2% would be Rs 21,900. Together, the total cost would be Rs 98,550. It is important to note that the 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?

The Sub Registrar Office that covers Sidco is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chembarambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When you proceed with a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sidco?

The current guideline value of Sidco is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sidco has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,095 per sq.ft in 2024, reflecting a +10% increase.

What is the median guideline value in Chembarambakkam?

The median guideline value in Chembarambakkam is Rs 1,100 per sq.ft, with values ranging from Rs 550 to Rs 4,000 per sq.ft across 64 streets.

What are the stamp duty and registration fees for property in Sidco?

For a property valued at Rs 10,95,000, the stamp duty would be Rs 76,650 and the registration fee would be Rs 21,900, totaling Rs 98,550.

Which office handles registrations for Sidco?

The Poonamallee Sub Registrar Office handles registrations for Sidco, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.