Guideline Value for Self Help Private Industrial Estate

Self Help Private Industrial Estate guideline value

The current guideline value of Self Help Private Industrial Estate is Rs 2,200 per sq.ft, effective from 1 July 2024. This estate is located in Kilkattalai village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Self Help Private Industrial Estate has changed

The guideline value for Self Help Private Industrial Estate has undergone several revisions over the years. In 2003, the guideline value was Rs 128 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. The value then saw a remarkable rise to Rs 2,000 per sq.ft in 2012, followed by a decrease to Rs 1,340 per sq.ft in 2017. In 2023, the value rose again to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft. The register has no figure for this street in 2002.

In terms of percentage changes, from 2003 to 2007, there was an increase of 134%. The value then saw a significant rise of 567% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1619%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing the Self Help Private Industrial Estate's 2024 figure below that median.

• Self Help Industrial Estate 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Sayee Street (Indian Lane): Rs 2,200 per sq.ft (2024)
• Sayee Nagar: Rs 2,200 per sq.ft (2024)
• Santhanakrishna Layout: Rs 2,160 per sq.ft (2024)
• Sandhiyamman Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Varasithi Vinayagar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Self Help Private Industrial Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Self Help Private Industrial Estate?

The Self Help Private Industrial Estate is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is essential for both buyers and sellers to be aware of the current guideline values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Self Help Private Industrial Estate?

The current guideline value of Self Help Private Industrial Estate is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 128 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Self Help Private Industrial Estate?

The registration office for Self Help Private Industrial Estate is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Kilkattalai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.

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

Other streets in Kilkattalai with similar guideline values include Sayee Street, Sayee Nagar, and Santhanakrishna Layout, all with a guideline value of Rs 2,200 per sq.ft or slightly lower.