Guideline Value for PANAIYUR KUPPAM 8TH STREET

Panaiyur Kuppam 8th Street guideline value

The current guideline value of Panaiyur Kuppam 8th 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Panaiyur Kuppam 8th Street has changed

The guideline value register has no figures for Panaiyur Kuppam 8th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, which is the 2024 revision, sets the guideline value at Rs 3,300 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure is the only value recorded for this street in the guideline value register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value 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 Panaiyur Kuppam 8th Street's value above that median.

• Panaiyur Kuppam 7th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 9th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 6th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam Dharka Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam 5th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam Mayana Salai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam 8th 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, making the total cost for these fees 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 8th Street?

The Sub Registrar Office that covers Panaiyur Kuppam 8th 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 additional 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 serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the value of the property as determined by the local authorities. This value is used to calculate the applicable duties and fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 8th Street?

The current guideline value of Panaiyur Kuppam 8th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Panaiyur Kuppam 8th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest figure is from the 2024 revision, which is Rs 3,300 per sq.ft.

What is the land classification for Panaiyur Kuppam 8th Street?

Panaiyur Kuppam 8th Street is classified as Residential Class II Type - I.

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

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 3,300 per sq.ft include Panaiyur Kuppam 7th Street, Panaiyur Kuppam 9th Street, Panaiyur Kuppam 6th Street, and Panaiyur Kuppam 5th Street.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator available online.