Guideline Value for PANAIYUR KUPPAM SCHOOL STREET

Panaiyur Kuppam School Street guideline value

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

How the guideline value of Panaiyur Kuppam School Street has changed

According to the guideline value register, the first recorded figure for Panaiyur Kuppam School Street is from the 2017 revision, which was Rs 1,340 per sq.ft. The next revision in 2024 saw a significant increase to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value range from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Panaiyur Kuppam School Street.

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

Stamp duty and registration fee for property in Panaiyur Kuppam School Street

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Panaiyur Kuppam School Street?

The Sub Registrar Office that covers Panaiyur Kuppam School Street 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 details.

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.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam School Street?

The current guideline value of Panaiyur Kuppam School Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

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

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current value for Panaiyur Kuppam School Street.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

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.