Guideline Value for PANAIYUR KUPPAM 13TH STREET

Panaiyur Kuppam 13th Street guideline value

The current guideline value of Panaiyur Kuppam 13th 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 13th Street has changed

The guideline value register for Panaiyur Kuppam 13th Street has no figures listed for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 3,300 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the 2024 figure marks the first official guideline value for Panaiyur Kuppam 13th Street.

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, with a median of Rs 2,200 per sq.ft. The guideline value for Panaiyur Kuppam 13th Street is above this median.

• Panaiyur Kuppam 12th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 11th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 10th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panaiyur Kuppam 13th Street?

The Sub Registrar Office that covers Panaiyur Kuppam 13th 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 is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the amount of stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is registered, the higher amount between the guideline value and the actual sale price is used for calculating these fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 13th Street?

The current guideline value of Panaiyur Kuppam 13th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

What land classification does Panaiyur Kuppam 13th Street fall under?

Panaiyur Kuppam 13th Street falls under the land classification of Residential Class II Type - I.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 with a guideline value of Rs 3,300 per sq.ft include Panaiyur Kuppam 12th Street, Panaiyur Kuppam 1st Cross Street, Panaiyur Kuppam 11th Street, Panaiyur Kuppam 1st Street, Panaiyur Kuppam 10th Street, and Panaiyur Kuppam 2nd Street.

How is the stamp duty calculated for properties in Panaiyur Kuppam 13th Street?

Stamp duty for properties in Panaiyur Kuppam 13th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

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.