Guideline Value for High school Road

High school Road guideline value

The current guideline value of High school Road in Ambattur village, under the Ambattur SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - II.

How the guideline value of High school Road has changed

The guideline value for High school Road has undergone several revisions over the years. In 2012, the value was set at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 6,000 per sq.ft, and the most recent revision in 2024 increased it further to Rs 6,600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The overall change from 2012 to 2024 is an increase of 10%, reflecting the latest guideline value of Rs 6,600 per sq.ft.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of High school Road is above this median, indicating its relative positioning in the area.

• Hi Living Pristine: Rs 6,500 per sq.ft (2024)
• Hospital Road: Rs 2,500 per sq.ft (2024)
• Hariyana Street: Rs 2,600 per sq.ft (2024)
• Harikrishna naidu Street: Rs 4,000 per sq.ft (2024)
• Ibrahim Street: Rs 2,500 per sq.ft (2024)
• ICF Colony: Rs 3,600 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 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty is charged at 7%, totaling Rs 4,62,000, while the registration fee is 2%, amounting to Rs 1,32,000. Together, these fees amount to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers High school Road?

The Sub Registrar Office that covers High school Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of High school Road?

The current guideline value of High school Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification of High school Road?

High school Road is classified as Commercial Class I Type - II.

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

The Sub Registrar Office for High school Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in High school Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 66,00,000, the stamp duty would be Rs 4,62,000 at 7%.