Guideline Value for PANAIYUR KUPPAM

Panaiyur Kuppam guideline value

The current guideline value of Panaiyur Kuppam is Rs 3,300 per sq.ft, effective from 1 July 2024. This village falls under the Neelankarai Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Panaiyur Kuppam has changed

The guideline value for Panaiyur Kuppam has seen several revisions over the years. The earliest available figure is from 2017, where the guideline value was Rs 2,010 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has further raised the value to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 guideline value in this area is Rs 2,200 per sq.ft, making the current value of Panaiyur Kuppam above that median.

• Panaiyur Kuppam 10th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 11th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 12th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 13th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Panaiyur Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Panaiyur Kuppam?

The Panaiyur Kuppam area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When you approach the Sub Registrar Office for property registration, the guideline value will be referenced to ensure that the applicable duties and fees are accurately assessed. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Panaiyur Kuppam?

The current guideline value of Panaiyur Kuppam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 3,300 per sq.ft include Panaiyur Kuppam 10th Street, 11th Street, 12th Street, 13th Street, 1st Cross Street, and 1st Street.

How is stamp duty calculated for property in Panaiyur Kuppam?

Stamp duty for property in Panaiyur Kuppam is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

Where can I find the Sub Registrar Office for Panaiyur Kuppam?

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