Guideline Value for KUDUMIYANDHI THOPE MAYANA SALAI

Kudumiyandhi Thope Mayana Salai guideline value

The current guideline value of Kudumiyandhi Thope Mayana Salai 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 Kudumiyandhi Thope Mayana Salai has changed

The guideline value register does not contain figures for Kudumiyandhi Thope Mayana Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

As per the 2024 revision, there have been no changes in the guideline value for this street compared to previous years, as the register has no figures for those years.

Guideline values in Sholinganallur - 1

In 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 guideline value is Rs 2,200 per sq.ft, which is the same as the 2024 figure for Kudumiyandhi Thope Mayana Salai.

• Kudumiyandhi Thope Main Road: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.4th Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Ismail Shaib Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope M.G.R.5th Street: 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.Main Street Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kudumiyandhi Thope Mayana Salai

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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges 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 Mayana Salai?

The Kudumiyandhi Thope Mayana Salai 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 a crucial factor in the registration process for property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the actual sale price. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope Mayana Salai?

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

What is the land classification for Kudumiyandhi Thope Mayana Salai?

Kudumiyandhi Thope Mayana Salai is classified as Residential Class II Type - III.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 with a guideline value of Rs 2,200 per sq.ft include Kudumiyandhi Thope Main Road, Kudumiyandhi Thope M.G.R.4th Street, Kudumiyandhi Thope Ismail Shaib Street, Kudumiyandhi Thope M.G.R.5th Street, Kudumiyandhi Thope Ismail Shaib Cross Street, and Kudumiyandhi Thope M.G.R.Main Street Extension.

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

The stamp duty for properties in Kudumiyandhi Thope Mayana Salai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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.