Guideline Value for KUDUMIYANDHI THOPE M.G.R.5TH STREET

Kudumiyandhi Thope M.G.R.5th Street guideline value

The current guideline value of Kudumiyandhi Thope M.G.R.5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Kudumiyandhi Thope M.G.R.5th Street has changed

The guideline value for Kudumiyandhi Thope M.G.R.5th Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. With the 2024 revision, the value increased significantly to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. The most recent revision in 2024 reflects the current guideline value.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Kudumiyandhi Thope M.G.R.5th Street.

• Kudumiyandhi Thope M.G.R.4th Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.Main Street Extension: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Mayana Salai: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.Nagar 1st Road: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Main Road: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.Nagar 2nd Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kudumiyandhi Thope M.G.R.5th 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 the 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 details.

Which Sub Registrar Office covers Kudumiyandhi Thope M.G.R.5th Street?

The Kudumiyandhi Thope M.G.R.5th Street is covered by 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

When buying or selling property in Sholinganallur - 1, the guideline value is an essential factor in determining the stamp duty and registration fees. This value is set by the government and is used to calculate the taxes applicable during the registration process.

It is crucial for buyers and sellers to be aware of the guideline value as it can influence the overall cost of the transaction. The guideline value serves as a reference point for both parties involved in the property deal.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope M.G.R.5th Street?

The current guideline value of Kudumiyandhi Thope M.G.R.5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What was the guideline value in 2017?

In the 2017 revision, the guideline value for Kudumiyandhi Thope M.G.R.5th Street was Rs 1,340 per sq.ft.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by +64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Kudumiyandhi Thope M.G.R.5th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current value for Kudumiyandhi Thope M.G.R.5th Street.