Guideline Value for KULANDAI YESU CHRISTIAN MAYANA PATHAI

Kulandai Yesu Christian Mayana Pathai guideline value

The current guideline value of Kulandai Yesu Christian Mayana Pathai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class V Type - I.

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

The guideline value for Kulandai Yesu Christian Mayana Pathai has undergone several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2024 revision, marking a change of +10%.

With the 2024 revision, the guideline value for this street is now Rs 1,100 per sq.ft. This is an increase from the previous year's figure of Rs 1,000 per sq.ft, reflecting the latest adjustments in the guideline value register.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kulandai Yesu Christian Mayana Pathai's 2024 figure is below this median.

• Kulandai Yesu Christian Mayana Pathai Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. 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 Kulandai Yesu Christian Mayana Pathai?

The Kulandai Yesu Christian Mayana Pathai 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. To find your specific SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in the registration process for property transactions in Sholinganallur - 1. It determines the minimum price at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Kulandai Yesu Christian Mayana Pathai was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kulandai Yesu Christian Mayana Pathai?

Kulandai Yesu Christian Mayana Pathai is classified as Residential Class V Type - I. This classification affects the guideline value and property regulations in the area.

What is the address of the Sub Registrar Office for this area?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles registrations for properties in the area.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.