Guideline Value for KULANDAI YESU CHRISTIAN MAYANA PATHAI EXTENSION

Kulandai Yesu Christian Mayana Pathai Extension guideline value

The current guideline value for Kulandai Yesu Christian Mayana Pathai Extension is Rs 1,100 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 V Type - I land classification.

How the guideline value of Kulandai Yesu Christian Mayana Pathai Extension has changed

The guideline value for Kulandai Yesu Christian Mayana Pathai Extension has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,000 per sq.ft, which increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the register does not provide any figures for this street. The most recent change reflects a shift in the guideline value that aligns with the overall adjustments seen in the area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value range 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, placing Kulandai Yesu Christian Mayana Pathai Extension's value below this median.

• Kulandai Yesu Christian Mayana Pathai: Rs 1,100 per sq.ft (2024)
• Kullappa Street (Grama Nedunchalai 11th Cross Street): Rs 2,200 per sq.ft (2024)
• Kumaraguru Nagar: Rs 1,700 per sq.ft (2024)
• KUMARAN 4th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Kudumiyandhi Thope Velu Naicker Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kulandai Yesu Christian Mayana Pathai Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kulandai Yesu Christian Mayana Pathai Extension?

The Sub Registrar Office that covers Kulandai Yesu Christian Mayana Pathai Extension is 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 during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is important for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kulandai Yesu Christian Mayana Pathai Extension?

The current guideline value for Kulandai Yesu Christian Mayana Pathai Extension is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this area?

Kulandai Yesu Christian Mayana Pathai Extension falls under the Residential Class V Type - I land classification.

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

Other streets in Sholinganallur - 1 have varying guideline values, with the median being Rs 2,200 per sq.ft. Kulandai Yesu Christian Mayana Pathai Extension is below this median.

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.