Guideline Value for High School Street

High School Street guideline value

The current guideline value of High School Street in Thandalam village, under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This street is classified under Residential Class II Type - I.

How the guideline value of High School Street has changed

The guideline value for High School Street has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value was Rs 268 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 400 per sq.ft, and the 2024 revision also set it at Rs 400 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for High School Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 400 per sq.ft, showing an increase of 49% from 2017 to 2023.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of High School Street.

• Iyra Anandham: Rs 1,750 per sq.ft (2024)
• Globus Sakthi Enclave: Rs 800 per sq.ft (2024)
• Gandhi Road: Rs 505 per sq.ft (2024)
• Ettiyamman Koil Street: Rs 300 per sq.ft (2024)
• Ettiyamman Koil Cross Street: Rs 300 per sq.ft (2024)
• Eswaran Koil Street: Rs 505 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. 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 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 Thandalam

The guideline value is an important factor in property transactions in Thandalam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sales, as it affects the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value serves as a reference point for calculating the applicable taxes. It is essential for buyers to be aware of the guideline value to ensure they are paying the correct fees and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of High School Street?

The current guideline value of High School Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for High School Street has remained at Rs 400 per sq.ft since the 2012 revision, with a 49% increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for High School Street?

High School Street is classified under Residential Class II Type - I.

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

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

How is the stamp duty calculated for properties in High School Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, resulting in a stamp duty of Rs 28,000.