Guideline Value for High School Street

High School Street guideline value

The current guideline value of High School Street in Sengadu village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of High School Street has changed

The guideline value for High School Street has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 200 per sq.ft. This value remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft, reflecting a decrease of 33%. The 2023 revision again set the value at Rs 200 per sq.ft, with no change from the previous year, and the current 2024 revision maintains this figure at Rs 200 per sq.ft, resulting in a 0% change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is 0%, as the value returned to Rs 200 per sq.ft in both the 2023 and 2024 revisions. The significant increase occurred between the 2017 and 2023 revisions, where the value rose by 49% from Rs 134 per sq.ft to Rs 200 per sq.ft.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing High School Street's 2024 figure above that median.

• Green Valley: Rs 250 per sq.ft (2024)
• G.K.R Nagar: Rs 150 per sq.ft (2024)
• Karpaga Vinayaga Nagar: Rs 400 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)
• Kiran Nagar: Rs 150 per sq.ft (2024)
• Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in High School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers High School Street?

The Sub Registrar Office that covers High School Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Sengadu. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is subject to periodic revisions.

When buying or selling property, it is essential to refer to the current guideline value to understand the financial obligations involved. This ensures that both buyers and sellers are aware of the costs associated with the transaction, including the applicable duties and fees based on the guideline value.

Frequently asked questions

What is the current guideline value of High School Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the median guideline value for streets in Sengadu?

The median guideline value for streets in Sengadu is Rs 150 per sq.ft, with High School Street's 2024 figure of Rs 200 per sq.ft above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

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

The Sub Registrar Office covering High School Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.