Guideline Value for Tallco Industrial Estate

Tallco Industrial Estate guideline value

The current guideline value of Tallco Industrial Estate is Rs 2,450 per sq.ft, effective from 1 July 2024. This estate is located in Madhavaram village, under the Madhavaram SRO, and is classified as Industries Type - I.

How the guideline value of Tallco Industrial Estate has changed

In the 2012 revision, the guideline value was Rs 2,300 per sq.ft. This figure remained the same in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,450 per sq.ft, marking a 7% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available for Tallco Industrial Estate are from 2012, 2023, and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Tallco Industrial Estate's 2024 figure above that median.

• Tallco Industrial Estate (Ward-18): Rs 2,450 per sq.ft (2024)
• Tamilar Colony Anna Nagar 3rd Street (Ward 19): Rs 1,300 per sq.ft (2024)
• Tamilar Colony Anna Nagar 4th Street (Ward 19): Rs 1,300 per sq.ft (2024)
• Tamilar Colony Anna Nagar 6th Street (Ward 19): Rs 1,300 per sq.ft (2024)
• Swamy Ramalingam Colony: Rs 2,700 per sq.ft (2024)
• Swamy Nagar (Ward-11): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tallco Industrial Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total cost for these fees to Rs 2,20,500. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tallco Industrial Estate?

The Sub Registrar Office covering Tallco Industrial Estate is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tallco Industrial Estate?

The current guideline value of Tallco Industrial Estate is Rs 2,450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased by 7%, going from Rs 2,300 per sq.ft in 2012 to Rs 2,450 per sq.ft in 2024.

What are the other streets in Madhavaram and their guideline values?

Other streets in Madhavaram include Tamilar Colony Anna Nagar 3rd, 4th, and 6th Streets at Rs 1,300 per sq.ft, Swamy Ramalingam Colony at Rs 2,700 per sq.ft, and Swamy Nagar at Rs 2,200 per sq.ft for 2024.

What is the registration office for Tallco Industrial Estate?

The registration office for Tallco Industrial Estate is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated in Madhavaram?

Stamp duty in Madhavaram is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7% of the guideline value.