Guideline Value for SCHOOL CROSS STREET

School Cross Street guideline value

The current guideline value of School Cross Street, located in the Sholinganallur - 1 village under the Neelankarai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is classified under Residential Class II Type - I.

How the guideline value of School Cross Street has changed

The guideline value register does not contain figures for School Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 3,300 per sq.ft.

There have been no changes in the guideline value between the revisions listed above. The 2024 revision is the first figure assigned to this street in the register.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing School Cross Street's 2024 figure above this median.

• School Road: Rs 3,300 per sq.ft (2024)
• SCHOOL ROAD 1st STREET (NEAR K.K.SALAI): Rs 3,300 per sq.ft (2024)
• School Road (Near Ecr): Rs 2,200 per sq.ft (2024)
• School Road (Near K.K.Salai): Rs 3,300 per sq.ft (2024)
• School Road (Near Kuppam): Rs 1,700 per sq.ft (2024)
• School Salai 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in School Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers School Cross Street?

The Sub Registrar Office that covers School Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of School Cross Street?

The current guideline value of School Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

What is the land classification for School Cross Street?

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

How many revisions are there for the guideline value of School Cross Street?

The guideline value register shows no figures for School Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, with School Cross Street's value being above this median.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.