Guideline Value for Sipcot Industries estate

Sipcot Industries estate guideline value

The current guideline value of Sipcot Industries estate in Navaloor village, under the Sriperumpudur SRO, is Rs 600 per sq.ft as per the 2024 revision, effective from 1 July 2024. This estate is classified as Industries Type - I.

How the guideline value of Sipcot Industries estate has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 figure. The 2024 revision maintained this value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 600 per sq.ft.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft, with a median of Rs 300 per sq.ft. The guideline value of Sipcot Industries estate is above this median.

• Sivam Nagar: Rs 450 per sq.ft (2024)
• Sivam Nagar Part -II: Rs 500 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 450 per sq.ft (2024)
• Sriperumpudur Royal Lands Co-Op Maha Nagar: Rs 610 per sq.ft (2024)
• RPG Metro City: Rs 300 per sq.ft (2024)
• Thirupathi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sipcot Industries estate

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is essential 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 Sipcot Industries estate?

The Sipcot Industries estate is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Navaloor. It is used to determine the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the set rates. This process helps maintain transparency in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Sipcot Industries estate?

The current guideline value of Sipcot Industries estate is Rs 600 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 402 per sq.ft in 2017, and there are no figures available for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Navaloor?

Other streets in Navaloor have varying guideline values, with rates ranging from Rs 150 to Rs 1,100 per sq.ft. For example, Sivam Nagar is valued at Rs 450 per sq.ft, while Sriperumpudur Royal Lands Co-Op Maha Nagar is at Rs 610 per sq.ft.

What are the stamp duty and registration fees for properties in Sipcot Industries estate?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Sipcot Industries estate?

The registration for Sipcot Industries estate is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.