Guideline Value for PANAIYUR KUPPAM 12TH STREET

Panaiyur Kuppam 12th Street guideline value

The current guideline value of Panaiyur Kuppam 12th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Panaiyur Kuppam 12th Street has changed

The guideline value for Panaiyur Kuppam 12th Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which was then increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

From the 2017 revision to the 2024 revision, the increase reflects changes in the real estate landscape. The guideline value has risen notably, indicating a shift in the valuation of properties in this area.

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 value for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Panaiyur Kuppam 12th Street above this median.

• Panaiyur Kuppam 11th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 13th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 10th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam: 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 12th 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that 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 Panaiyur Kuppam 12th Street?

The Sub Registrar Office that covers Panaiyur Kuppam 12th 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 more information.

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

The guideline value plays a crucial role 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 transaction is transparent and fair.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 12th Street?

The current guideline value of Panaiyur Kuppam 12th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Panaiyur Kuppam 12th Street?

Panaiyur Kuppam 12th Street is classified as Residential Class II Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Panaiyur Kuppam 12th Street?

The Neelankarai Sub Registrar Office covers Panaiyur Kuppam 12th Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.