Guideline Value

Corporate

Guideline Value for SCHOOL ROAD (PADASALAI STREET)

₹1700/sq.ft.

The guideline value for School Road (padasalai Street) in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹168 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on School Road (padasalai Street)

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School Road (Padasalai Street) guideline value

The current guideline value of School Road (Padasalai Street) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of School Road (Padasalai Street) has changed

The guideline value for School Road (Padasalai Street) has undergone several revisions since 2003. In 2003, the guideline value was Rs 168 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007, marking a 198% rise. The value then saw a substantial increase to Rs 1,500 per sq.ft in 2012, resulting in a 200% increase from the previous revision. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a 33% drop. The value then rose sharply to Rs 1,500 per sq.ft in 2023, a 49% increase, and is now Rs 1,700 per sq.ft in 2024, which is a 13% increase from the previous year.

The register has no figure for School Road (Padasalai Street) for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 912%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, indicating that the guideline value of School Road (Padasalai Street) is below this median.

Stamp duty and registration fee for property in School Road (Padasalai Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers School Road (Padasalai Street)?

The Sub Registrar Office that covers School Road (Padasalai 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the correct amounts are paid based on the established rates.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of School Road (Padasalai Street)?

The current guideline value of School Road (Padasalai Street) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 168 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, representing a total increase of 912% over this period.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, which is higher than the guideline value of School Road (Padasalai Street).

What are the stamp duty and registration fees for a property on School Road?

The stamp duty for a property on School Road is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000.

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.