Guideline Value for KUDUMIYANDHI THOPE MAIN ROAD

Kudumiyandhi Thope Main Road guideline value

The current guideline value of Kudumiyandhi Thope Main 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, classified as Residential Class II Type - III.

How the guideline value of Kudumiyandhi Thope Main Road has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Kudumiyandhi Thope Main Road. The only revision available is from 2024, which lists the guideline value as Rs 2,200 per sq.ft.

Since there are no figures from previous revisions, there are no changes to report between the revisions above. The 2024 revision is the first recorded figure for this street.

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. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Kudumiyandhi Thope Main Road.

• Kudumiyandhi Thope Ismail Shaib Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Mayana Salai: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Ismail Shaib Cross Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.4th Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Dr.Ambedkar Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kudumiyandhi Thope Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kudumiyandhi Thope Main Road?

The Kudumiyandhi Thope Main Road 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

The guideline value is an important factor when buying or selling property in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope Main Road?

The current guideline value of Kudumiyandhi Thope Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Kudumiyandhi Thope Main Road?

Kudumiyandhi Thope Main Road is classified as Residential Class II Type - III.

Are there any previous guideline values for Kudumiyandhi Thope Main Road?

The register has no figures for Kudumiyandhi Thope Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.

Where can I find the Neelankarai Sub Registrar Office?

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