Guideline Value for Tamilnadu small scale Industries Owners Assn. Layout

Tamilnadu small scale Industries Owners Assn. Layout guideline value

The current guideline value for the Tamilnadu small scale Industries Owners Assn. Layout is Rs 3,601 per sq.ft, effective from 1 July 2024. This layout is located in 5. Athipattu village under the Konnur SRO, classified as Industries Type - II.

How the guideline value of Tamilnadu small scale Industries Owners Assn. Layout has changed

The guideline value for this layout has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. It increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 3,601 per sq.ft, which is a 44% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 115%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, and the Tamilnadu small scale Industries Owners Assn. Layout's 2024 figure of Rs 3,601 per sq.ft is above this median.

• Thamarabarani Street(ICF): Rs 2,400 per sq.ft (2024)
• Thamarai Street: Rs 2,200 per sq.ft (2024)
• Tharangini Appartment: Rs 3,600 per sq.ft (2024)
• The Chennai New City: Rs 1,600 per sq.ft (2024)
• The chennai newcity EXTN: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Tamilnadu small scale Industries Owners Assn. Layout

For a 1,000 sq.ft plot at the current rate of Rs 3,601 per sq.ft, the guideline value amounts to Rs 36,01,000. The stamp duty at 7% would be Rs 2,52,070, and the registration fee at 2% would be Rs 72,020, making the total Rs 3,24,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Tamilnadu small scale Industries Owners Assn. Layout?

The Tamilnadu small scale Industries Owners Assn. Layout falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role when buying or selling property in 5. Athipattu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Tamilnadu small scale Industries Owners Assn. Layout?

The current guideline value for Tamilnadu small scale Industries Owners Assn. Layout is Rs 3,601 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2017 revision to the 2024 revision, the guideline value has increased by 115%. The value rose from Rs 1,675 per sq.ft in 2017 to Rs 3,601 per sq.ft in 2024.

What are the guideline values for other streets in 5. Athipattu?

In 5. Athipattu, other streets have varying guideline values. For example, Thamarabarani Street(ICF) is Rs 2,400 per sq.ft, and Tharangini Appartment is Rs 3,600 per sq.ft as per the 2024 revision.

Where can I find the Sub Registrar Office for this layout?

The Konnur Sub Registrar Office covers the Tamilnadu small scale Industries Owners Assn. Layout, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Tamilnadu small scale Industries Owners Assn. Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 36,01,000 would incur a stamp duty of Rs 2,52,070 at a rate of 7%.