Guideline Value for Orphan School Street

Orphan School Street guideline value

The current guideline value of Orphan School Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class III Type - II.

How the guideline value of Orphan School Street has changed

Over the years, the guideline value of Orphan School Street has seen significant changes. In 2002, the value was Rs 650 per sq.ft, which increased to Rs 1,150 per sq.ft in 2007, marking a 77% rise. The value then jumped to Rs 3,500 per sq.ft in 2012, reflecting a 204% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figure for this street in 2003.

From 2002 to 2024, the overall increase in the guideline value is 485%. The most notable changes occurred between 2007 and 2012, and the most recent revision from 2023 to 2024 shows a modest increase of 9%.

Guideline values in Aminjikarai

Aminjikarai village has 99 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, indicating that Orphan School Street's 2024 figure is below this median.

• Ottar Palayam: Rs 3,800 per sq.ft (2024)
• North Kasarath Thottam: Rs 3,800 per sq.ft (2024)
• Parameswara nagar: Rs 3,800 per sq.ft (2024)
• Perumal Koil street: Rs 4,400 per sq.ft (2024)
• Perumal Koil Street (Residential): Rs 4,400 per sq.ft (2024)
• Nadhamuni Naidu Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Orphan School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. 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 Orphan School Street?

The Sub Registrar Office that covers Orphan School Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Aminjikarai. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers should be aware that the guideline value is a key factor in calculating these costs.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. It is essential to consult the guideline value to understand the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Orphan School Street?

The current guideline value of Orphan School Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 485% over this period.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers Orphan School Street?

The AnnaNagar Sub Registrar Office covers Orphan School Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Orphan School Street?

Orphan School Street is classified as Residential Class III Type - II, indicating its suitability for residential development.