Guideline Value for PANAIYUR KUPPAM M.G.R.SEA SHORE STREET-JAHIR HUSSAIN 1ST STREET JOINT

Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint guideline value

The current guideline value for Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint 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, with a land classification of Residential Class II Type - III.

How the guideline value of Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. With the 2024 revision, this value increased significantly to Rs 2,200 per sq.ft, reflecting a change of +64%. The register has no figures for this street in the years 2023, 2012, 2007, 2003, and 2002.

The increase from 2017 to 2024 marks a substantial rise in the guideline value, indicating a notable change in property valuation in this area. The absence of figures in the previous revisions suggests that the guideline value for this street has only been officially recorded in 2017 and 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. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint.

• Panaiyur Kuppam M.G.R. Main Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam M.G.R. Street Up To Sea Shore: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam Mayana Salai: Rs 1,700 per sq.ft (2024)
• Panaiyur Kuppam School 1st Cross Street Lane: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam Dharka Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam School 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint

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, leading to a total of Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint?

The Sub Registrar Office that covers Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint 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 plays a crucial role during the registration of properties in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that both buyers and sellers are aware of the official valuation set by the Registration Department.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established values set by the authorities.

Frequently asked questions

What is the current guideline value for Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint?

The current guideline value for Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, marking a change of +64%.

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

Yes, the register has no figures for Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint in the years 2023, 2012, 2007, 2003, and 2002.

What is the stamp duty rate applicable to properties in this area?

The stamp duty rate applicable to properties in this area is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Panaiyur Kuppam M.G.R.Sea Shore Street-Jahir Hussain 1st Street Joint is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.