Guideline Value for K.THOPPU CROSS STREET

K.Thoppu Cross Street guideline value

The current guideline value of K.Thoppu Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of K.Thoppu Cross Street has changed

The guideline value register has no figures for K.Thoppu Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft.

Since there have been no figures recorded for this street in the previous revisions, the 2024 figure stands alone without any comparative changes from earlier years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with the median value being Rs 2,200 per sq.ft. K.Thoppu Cross Street's 2024 figure is equal to this median.

• K.Thoppu School Street: Rs 2,200 per sq.ft (2024)
• K.T.K. Town: Rs 4,400 per sq.ft (2024)
• K.T.K.TOWN 1st STREET: Rs 4,400 per sq.ft (2024)
• K.T.K.TOWN 2nd STREET: Rs 4,400 per sq.ft (2024)
• K.T.K.Town Main Road: Rs 4,400 per sq.ft (2024)
• Krishna Vrundavan Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in K.Thoppu Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 more accurate calculations based on your property details.

Which Sub Registrar Office covers K.Thoppu Cross Street?

K.Thoppu Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is used to assess the official value of the property for taxation purposes, ensuring that the appropriate fees are collected based on this established value.

Frequently asked questions

What is the current guideline value of K.Thoppu Cross Street?

The current guideline value of K.Thoppu Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for K.Thoppu Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recent figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

What is the land classification of K.Thoppu Cross Street?

K.Thoppu Cross Street is classified as Residential Class II Type - III, indicating its designation for residential purposes.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in K.Thoppu Cross Street?

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