Guideline Value for HIGH SCHOOL ST

High School St guideline value

The current guideline value for High School St in Mitnamalle village, under the Avadi SRO, is Rs 804 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of High School St has changed

The guideline value for High School St has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. However, the 2023 revision saw a significant increase to Rs 400 per sq.ft, followed by another substantial rise to Rs 804 per sq.ft in the 2024 revision, representing a 101% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2012 to 2024 shows an increase of 101%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing High School St's 2024 figure slightly above this median.

• Hava Nagar: Rs 802 per sq.ft (2024)
• Happy Garden: Rs 802 per sq.ft (2024)
• Guru Duwara St: Rs 806 per sq.ft (2024)
• Ganesh Nagar: Rs 806 per sq.ft (2024)
• Gandhi Road: Rs 802 per sq.ft (2024)
• Gandhi 2nd Cross: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in High School St

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total charges to Rs 72,360. It is important to note that the 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 more details.

Which Sub Registrar Office covers High School St?

The Sub Registrar Office that covers High School St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Mitnamalle. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of a property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the Registration Department. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for High School St?

The current guideline value for High School St is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 804 per sq.ft in 2024.

What is the land classification for High School St?

High School St is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property in High School St?

For a property valued at Rs 8,04,000, the stamp duty would be Rs 56,280, and the registration fee would be Rs 16,080, totaling Rs 72,360.

Which SRO covers High School St?

The Avadi Sub Registrar Office covers High School St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.