Guideline Value for KUDUMIYANDHI THOPE SCHOOL 2ND CROSS STREET

Kudumiyandhi Thope School 2nd Cross Street guideline value

The current guideline value of Kudumiyandhi Thope School 2nd 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, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Kudumiyandhi Thope School 2nd Cross Street has changed

The guideline value for Kudumiyandhi Thope School 2nd Cross Street has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, and in the 2024 revision, it increased to Rs 2,200 per sq.ft, marking a change of +10%.

As of the 2024 revision, the guideline value stands at Rs 2,200 per sq.ft. This figure aligns with the median guideline value for the 754 streets in Sholinganallur - 1, which ranges from Rs 1,000 to Rs 8,800 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary across different streets. The 2024 figures for this area range from Rs 1,000 to Rs 8,800 per sq.ft, with the median value being Rs 2,200 per sq.ft. Kudumiyandhi Thope School 2nd Cross Street's guideline value is equal to this median. Below are the guideline values for other streets in Sholinganallur - 1:

• Kudumiyandhi Thope School 1st Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope School 2nd Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Padavettamman Koil Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope School 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope Padavettamman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope School 4th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kudumiyandhi Thope School 2nd Cross 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 School 2nd Cross Street?

The Kudumiyandhi Thope School 2nd 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 during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately in the official records. This value plays a crucial role in calculating the financial obligations of the buyer, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kudumiyandhi Thope School 2nd Cross Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have a guideline value of Rs 2,200 per sq.ft as well, which is consistent with the median value in the area. This includes streets like Kudumiyandhi Thope School 1st Street and Kudumiyandhi Thope School 3rd Cross Street.

What are the stamp duty and registration fees for properties 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

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