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Guideline Value

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Guideline Value for PANAIYUR KUPPAM SCHOOL 2ND STREET 4TH CROSS LANE

₹2200/sq.ft.

The guideline value for Panaiyur Kuppam School 2nd Street 4th Cross Lane 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 School 2nd Street 4th Cross Lane

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Panaiyur Kuppam School 2nd Street 4th Cross Lane guideline value

The current guideline value for Panaiyur Kuppam School 2nd Street 4th Cross Lane is Rs 2,200 per sq.ft. 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 School 2nd Street 4th Cross Lane has changed

The guideline value for this street has seen significant changes over the years. From the 2017 revision, where the value was Rs 1,340 per sq.ft, it increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the only available revisions for the guideline value are from 2017 and 2024, with the 2024 figure reflecting a substantial increase. The 2017 figure was Rs 1,340 per sq.ft, and the current value stands at Rs 2,200 per sq.ft from July 1, 2024.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, 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 is Rs 2,200 per sq.ft, which is equal to the current value of Panaiyur Kuppam School 2nd Street 4th Cross Lane.

Stamp duty and registration fee for property in Panaiyur Kuppam School 2nd Street 4th Cross Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, together totaling Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panaiyur Kuppam School 2nd Street 4th Cross Lane?

The Panaiyur Kuppam School 2nd Street 4th Cross Lane falls under 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 property transactions, as it determines the minimum price at which a property can be registered. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Panaiyur Kuppam School 2nd Street 4th Cross Lane?

The current guideline value for Panaiyur Kuppam School 2nd Street 4th Cross Lane is Rs 2,200 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a change of +64%.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Panaiyur Kuppam School 2nd Street 4th Cross Lane, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for a property here?

The stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

What is the land classification for this area?

The land classification for Panaiyur Kuppam School 2nd Street 4th Cross Lane is Residential Class II Type - III.