Guideline Value for PANAIYUR KUPPAM 1ST CROSS STREET

Panaiyur Kuppam 1st Cross Street guideline value

The current guideline value of Panaiyur Kuppam 1st Cross 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, and is classified as Residential Class II Type - I.

How the guideline value of Panaiyur Kuppam 1st Cross Street has changed

The guideline value register for Panaiyur Kuppam 1st Cross Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, 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 represents the first official guideline value for Panaiyur Kuppam 1st Cross Street.

Guideline values in Sholinganallur - 1

In the village of 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 value of Rs 2,200 per sq.ft. The guideline value of Panaiyur Kuppam 1st Cross Street is above this median.

• Panaiyur Kuppam 13th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 12th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 2nd Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 11th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Panaiyur Kuppam 1st Cross Street?

The Sub Registrar Office that covers Panaiyur Kuppam 1st Cross 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 property transactions, as it determines the minimum price at which a property can be registered. When buying or selling a property in Sholinganallur - 1, the guideline value will be used to calculate the applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with registration regulations and to avoid any potential legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 1st Cross Street?

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

How has the guideline value changed over the years?

There are no recorded figures for Panaiyur Kuppam 1st Cross Street in the guideline value register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision marks the first official guideline value for this street.

What classification is Panaiyur Kuppam 1st Cross Street?

Panaiyur Kuppam 1st Cross Street is classified as Residential Class II Type - I under the Neelankarai SRO.

Where can I find the Neelankarai SRO?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is 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 33,00,000, the stamp duty at 7% amounts to Rs 2,31,000.