Guideline Value for KUDUMIYANDHI THOPE PADAVETTAMMAN KOIL 1ST CROSS STREET

Kudumiyandhi Thope Padavettamman Koil 1st Cross Street guideline value

The current guideline value of Kudumiyandhi Thope Padavettamman Koil 1st Cross Street 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 Padavettamman Koil 1st Cross Street has changed

The guideline value register has no figures for Kudumiyandhi Thope Padavettamman Koil 1st 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.

As there are no figures available for the previous years, the 2024 revision stands alone with its current rate of Rs 2,200 per sq.ft. There have been no changes between the revisions above.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Kudumiyandhi Thope Padavettamman Koil 1st Cross Street.

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

Stamp duty and registration fee for property in Kudumiyandhi Thope Padavettamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, 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 Padavettamman Koil 1st Cross Street?

The Kudumiyandhi Thope Padavettamman Koil 1st Cross 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

The guideline value is an essential factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

At the time of registration, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope Padavettamman Koil 1st Cross Street?

The current guideline value of Kudumiyandhi Thope Padavettamman Koil 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification of Kudumiyandhi Thope Padavettamman Koil 1st Cross Street?

Kudumiyandhi Thope Padavettamman Koil 1st Cross Street is classified as Residential Class II Type - III.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Kudumiyandhi Thope Padavettamman Koil 1st Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically, with the latest revision for this street effective from 1 July 2024.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Kudumiyandhi Thope Padavettamman Koil 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.