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Guideline Value

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Guideline Value for PANAIYUR KUPPAM M.G.R. STREET UP TO SEA SHORE

₹2200/sq.ft.

The guideline value for Panaiyur Kuppam M.g.r. Street Up To Sea Shore in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Panaiyur Kuppam M.g.r. Street Up To Sea Shore

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Panaiyur Kuppam M.G.R. Street Up To Sea Shore guideline value

The current guideline value of Panaiyur Kuppam M.G.R. Street Up To Sea Shore is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of Panaiyur Kuppam M.G.R. Street Up To Sea Shore has changed

The guideline value for Panaiyur Kuppam M.G.R. Street Up To Sea Shore has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. Following this, the 2024 revision increased the guideline value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the previous figure.

It is important to note that the register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from the 2017 and 2024 revisions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO, with 2024 guideline values 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, which aligns with the current value of Panaiyur Kuppam M.G.R. Street Up To Sea Shore.

Stamp duty and registration fee for property in Panaiyur Kuppam M.G.R. Street Up To Sea Shore

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Panaiyur Kuppam M.G.R. Street Up To Sea Shore?

The Sub Registrar Office that covers Panaiyur Kuppam M.G.R. Street Up To Sea Shore 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 critical factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam M.G.R. Street Up To Sea Shore?

The current guideline value of Panaiyur Kuppam M.G.R. Street Up To Sea Shore is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of 64%.

Are there any years without a guideline value for this street?

Yes, the register has no figure for Panaiyur Kuppam M.G.R. Street Up To Sea Shore for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for this area?

The registration office for Panaiyur Kuppam M.G.R. Street Up To Sea Shore is the Neelankarai Sub Registrar Office, 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 based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 at 7%.