Guideline Value for PANAIYUR KUPPAM SCHOOL 4TH CROSS STREET LANE

Panaiyur Kuppam School 4th Cross Street Lane guideline value

The current guideline value for Panaiyur Kuppam School 4th Cross Street Lane 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, classified as Residential Class II Type - III.

How the guideline value of Panaiyur Kuppam School 4th Cross Street Lane has changed

The guideline value for this street has undergone significant changes over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a notable increase from Rs 1,340 per sq.ft in the 2017 revision, reflecting a change of +64%. The register has no figure for the years 2023, 2012, 2007, 2003, and 2002.

Prior to the 2017 revision, there was no recorded guideline value for Panaiyur Kuppam School 4th Cross Street Lane in the years mentioned. The 2017 value of Rs 1,340 per sq.ft marked the first figure available for this street, highlighting a significant increase in the 2024 revision.

Guideline values in Sholinganallur - 1

In the village of 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 guideline value for Panaiyur Kuppam School 4th Cross Street Lane.

• Panaiyur Kuppam School 3rd Cross Street Lane: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam School Street: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam School 2nd Street 4th Cross Lane: Rs 2,200 per sq.ft (2024)
• Panaiyur M.G.R. 1st Road: Rs 2,200 per sq.ft (2024)
• Panaiyur Kuppam School 2nd Street 3rd Cross Lane: Rs 2,200 per sq.ft (2024)
• Panaiyur M.G.R. 2nd Road: Rs 2,200 per sq.ft (2024)

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

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, bringing the total to 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 our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Panaiyur Kuppam School 4th Cross Street Lane 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 crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property based on the locality and its classification. This value is essential for calculating the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

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

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

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased by +64%, moving from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024.

Which Sub Registrar Office should I contact for property transactions in this area?

The Neelankarai Sub Registrar Office is responsible for property transactions in this area, 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 in this lane?

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

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors including land classification and locality. It serves as a reference point for property transactions to ensure compliance with state regulations.