Guideline Value for PANAIYUR KUPPAM 11TH STREET

Panaiyur Kuppam 11th Street guideline value

The current guideline value of Panaiyur Kuppam 11th Street is Rs 3,300 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 - I.

How the guideline value of Panaiyur Kuppam 11th Street has changed

The guideline value for Panaiyur Kuppam 11th Street has undergone several revisions. The earliest recorded revision was in 2017, where the guideline value was Rs 2,010 per sq.ft. This figure was updated in 2024 to Rs 3,300 per sq.ft, marking an increase of 64% over the seven-year period.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The most recent revision reflects a significant change in the guideline value.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values 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, placing the 2024 figure for Panaiyur Kuppam 11th Street above this median.

• Panaiyur Kuppam 10th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 12th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 13th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Panaiyur Kuppam 11th Street?

The Sub Registrar Office that covers Panaiyur Kuppam 11th Street 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 further assistance.

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 calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property, the guideline value helps in establishing a transparent process, as it is based on the prevailing rates for similar properties in the area. This ensures that both buyers and sellers are aware of the official valuations set by the authorities.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 11th Street?

The current guideline value of Panaiyur Kuppam 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft, which is a change of 64% over the seven-year period.

Which Sub Registrar Office is responsible for Panaiyur Kuppam 11th Street?

The Neelankarai Sub Registrar Office is responsible for Panaiyur Kuppam 11th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Panaiyur Kuppam 11th Street's 2024 figure being above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.