Guideline Value for PANAIYUR KUPPAM DHARKA STREET

Panaiyur Kuppam Dharka Street guideline value

The current guideline value of Panaiyur Kuppam Dharka Street is Rs 2,200 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 - III.

How the guideline value of Panaiyur Kuppam Dharka Street has changed

The guideline value register has no figures for Panaiyur Kuppam Dharka Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, where the guideline value is set at Rs 2,200 per sq.ft.

Since there are no figures available for previous revisions for this street, the changes between the revisions cannot be detailed. The 2024 figure aligns with the median guideline value for the village, which is also Rs 2,200 per sq.ft.

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. Panaiyur Kuppam Dharka Street's 2024 guideline value is equal to this median.

• Panaiyur Kuppam 9th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam Mayana Salai: Rs 1,700 per sq.ft (2024)
• Panaiyur Kuppam 8th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam M.G.R. Main Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam 7th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam Dharka Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panaiyur Kuppam Dharka Street?

The Sub Registrar Office that covers Panaiyur Kuppam Dharka 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 property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value helps in calculating the applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process. This value is used to assess the overall transaction cost and is essential for legal documentation.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam Dharka Street?

The current guideline value of Panaiyur Kuppam Dharka Street is Rs 2,200 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 Dharka Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision for 2024 shows a guideline value of Rs 2,200 per sq.ft.

What is the land classification for this street?

Panaiyur Kuppam Dharka Street is classified as Residential Class II Type - III.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable on the same basis.

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.