Guideline Value for PANAIYUR KUPPAM 4TH STREET

Panaiyur Kuppam 4th Street guideline value

The current guideline value of Panaiyur Kuppam 4th 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, with a land classification of Residential Class II Type - I.

How the guideline value of Panaiyur Kuppam 4th Street has changed

The guideline value for Panaiyur Kuppam 4th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a change of +10%. Prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2023 revision was Rs 3,000 per sq.ft, while the 2024 revision increased this to Rs 3,300 per sq.ft. The guideline value has seen a steady increase, reflecting the changes in the revisions available.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with 2024 guideline values 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, making the guideline value of Panaiyur Kuppam 4th Street above this median.

• Panaiyur Kuppam 3rd Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 5th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 2nd Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 6th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam 4th 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, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Panaiyur Kuppam 4th Street?

The Sub Registrar Office that covers Panaiyur Kuppam 4th Street is 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 SRO, you can visit this link.

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 serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 4th Street?

The current guideline value of Panaiyur Kuppam 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a change of +10%.

What is the land classification for Panaiyur Kuppam 4th Street?

Panaiyur Kuppam 4th Street is classified as Residential Class II Type - I.

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.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.