Guideline Value for HIGH SCHOOL ROAD

High School Road guideline value

The current guideline value of High School Road in Karapakkam village, under the Neelankarai SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - II.

How the guideline value of High School Road has changed

Looking back at the revisions, the guideline value for High School Road was Rs 750 per sq.ft in 2012. It then decreased to Rs 502 per sq.ft in 2017. From 2017 to 2023, the value saw a significant increase of 99%, bringing it back to Rs 1,000 per sq.ft, which was maintained in the 2023 revision. The 2024 revision also holds the guideline value at Rs 1,000 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of High School Road is below this median.

• Hindusdan College: Rs 3,000 per sq.ft (2024)
• Hindustan Engineering Training Centre: Rs 3,000 per sq.ft (2024)
• INDIRA GANDHI 1st STREET: Rs 2,200 per sq.ft (2024)
• INDIRA GANDHI 1st STREET 2nd CROSS: Rs 2,200 per sq.ft (2024)
• INDIRA GANDHI 1st STREET 3nd CROSS: Rs 2,200 per sq.ft (2024)
• INDIRA GANDHI 2nd STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in High School Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the stamp 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 further calculations.

Which Sub Registrar Office covers High School Road?

The Sub Registrar Office that covers High School Road 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 online.

How the guideline value is used when you buy or sell in Karapakkam

The guideline value is a crucial factor during the property registration process in Karapakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers should ensure they understand how this value impacts their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of High School Road?

The current guideline value of High School Road is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017. It then increased to Rs 1,000 per sq.ft in 2023 and has remained the same for 2024.

What is the land classification for High School Road?

High School Road is classified as Residential Class IV Type - II.

What are the stamp duty rates for properties in High School Road?

The stamp duty rate for properties in High School Road is 7%, based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for High School Road?

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