Guideline Value for PANAIYUR KUPPAM MAYANA SALAI

Panaiyur Kuppam Mayana Salai guideline value

The current guideline value of Panaiyur Kuppam Mayana Salai is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Panaiyur Kuppam Mayana Salai has changed

Over the years, the guideline value for Panaiyur Kuppam Mayana Salai has seen several revisions. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the guideline value to Rs 1,700 per sq.ft, marking a significant increase of 69% from the 2017 figure. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value increased by 13%, and from 2017 to 2023, there was a substantial increase of 49%. This reflects the evolving landscape of property values in the area.

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 Mayana Salai is below this median.

• Panaiyur Kuppam Dharka Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam M.G.R. Main Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam 9th 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)
• Panaiyur Kuppam 8th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam M.G.R. Street Up To Sea Shore: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam Mayana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 details.

Which Sub Registrar Office covers Panaiyur Kuppam Mayana Salai?

The Sub Registrar Office that covers Panaiyur Kuppam Mayana Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can find your SRO.

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 baseline for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam Mayana Salai?

The current guideline value of Panaiyur Kuppam Mayana Salai is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased significantly, from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft in 2024, marking an overall increase of 69%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What other streets are in Sholinganallur - 1?

Other streets in Sholinganallur - 1 include Panaiyur Kuppam Dharka Street, Panaiyur Kuppam M.G.R. Main Street, and Panaiyur Kuppam 9th Street, among others, with varying guideline values.