Guideline Value for ZAHIDA INDUSTRIAL GARDEN

Zahida Industrial Garden guideline value

The current guideline value of Zahida Industrial Garden is Rs 1,003 per sq.ft, effective from 1 July 2024. This property is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Zahida Industrial Garden has changed

The guideline value for Zahida Industrial Garden has undergone several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This figure decreased significantly to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to the 2024 revision, the guideline value increased to Rs 1,003 per sq.ft, marking an increase of 87%.

Overall, comparing the values from 2012 to 2024, there has been a 25% increase. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median guideline value is Rs 1,003 per sq.ft, which is equal to the current value of Zahida Industrial Garden.

• Vetrivel Nagar: Rs 1,006 per sq.ft (2024)
• Vetri Nagar: Rs 1,006 per sq.ft (2024)
• Vedachalam Nagar: Rs 1,000 per sq.ft (2024)
• Thanikachalam Nagar: Rs 1,000 per sq.ft (2024)
• T.G. Swamy Nagar: Rs 1,004 per sq.ft (2024)
• Suyambulingam Nagar Annex - 3: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Zahida Industrial Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, bringing the total to Rs 90,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Zahida Industrial Garden?

The Sub Registrar Office that covers Zahida Industrial Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadaperumbakkam. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value helps to establish a transparent pricing mechanism. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Zahida Industrial Garden?

The current guideline value of Zahida Industrial Garden is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then to Rs 1,003 per sq.ft in 2024. There has been an overall increase of 25% from 2012 to 2024.

What are the stamp duty and registration fees for properties in Zahida Industrial Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 90,270.

Which office handles the registration of properties in Zahida Industrial Garden?

The Redhills Sub Registrar Office handles the registration of properties in Zahida Industrial Garden. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Zahida Industrial Garden?

Zahida Industrial Garden is classified as Residential Class I Type - I, indicating its use for residential purposes.