Guideline Value for KUDUMIYANDHI THOPE M.G.R.NAGAR 3RD ROAD

Kudumiyandhi Thope M.G.R.Nagar 3rd Road guideline value

The current guideline value of Kudumiyandhi Thope M.G.R.Nagar 3rd Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Kudumiyandhi Thope M.G.R.Nagar 3rd Road has changed

The guideline value for Kudumiyandhi Thope M.G.R.Nagar 3rd Road has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This marked an increase of 64% to the current value of Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase reflects a notable change in the guideline value. The 2024 figure of Rs 2,200 per sq.ft is equal to the median guideline value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary significantly, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value of Rs 2,200 per sq.ft places Kudumiyandhi Thope M.G.R.Nagar 3rd Road at the center of this range.

• Kudumiyandhi Thope M.G.R.Nagar 2nd Street Extension: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Mosque Cross Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.Nagar 2nd Road: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Padavettamman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.Nagar 1st Road: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Padavettamman Koil 2nd Street 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kudumiyandhi Thope M.G.R.Nagar 3rd Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kudumiyandhi Thope M.G.R.Nagar 3rd Road?

The Sub Registrar Office that covers Kudumiyandhi Thope M.G.R.Nagar 3rd Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

For further assistance, you can find your SRO.

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

The guideline value is a critical factor when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the buyer must ensure that the transaction is registered at the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Kudumiyandhi Thope M.G.R.Nagar 3rd Road?

The current guideline value for Kudumiyandhi Thope M.G.R.Nagar 3rd Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

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 the 2024 revision.

What is the land classification for Kudumiyandhi Thope M.G.R.Nagar 3rd Road?

Kudumiyandhi Thope M.G.R.Nagar 3rd Road falls under the Residential Class II Type - III land classification.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located for this street?

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