Guideline Value for PANAIYUR KUPPAM 9TH STREET

Panaiyur Kuppam 9th Street guideline value

The current guideline value of Panaiyur Kuppam 9th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Panaiyur Kuppam 9th Street has changed

In the 2024 revision, the guideline value for Panaiyur Kuppam 9th Street was set at Rs 3,300 per sq.ft. The register has no figure for this street in the revisions for the years 2023, 2017, 2012, 2007, 2003, and 2002.

As such, there have been no changes in the guideline value for Panaiyur Kuppam 9th Street between the revisions listed. The most recent figure reflects the current valuation as of July 2024.

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 value of Rs 2,200 per sq.ft. The guideline value for Panaiyur Kuppam 9th Street is above this median.

• Panaiyur Kuppam 8th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam Dharka Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam 7th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam Mayana Salai: Rs 1,700 per sq.ft (2024)
• Panaiyur Kuppam 6th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam M.G.R. Main Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam 9th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 cost together to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panaiyur Kuppam 9th Street?

The Sub Registrar Office that covers Panaiyur Kuppam 9th 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 of property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam 9th Street?

The current guideline value of Panaiyur Kuppam 9th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

What land classification does Panaiyur Kuppam 9th Street fall under?

Panaiyur Kuppam 9th Street falls under the Residential Class II Type - I land classification.

How has the guideline value changed over the years?

The guideline value for Panaiyur Kuppam 9th Street has not changed since the 2024 revision, and the register has no figures for the years 2023, 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in the area is 7%, which is applied to the guideline value or the sale price, whichever is higher.

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.