Guideline Value for SCHOOL ROAD (NEAR ECR)

School Road (Near Ecr) guideline value

The current guideline value of School Road (Near Ecr) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of School Road (Near Ecr) has changed

The guideline value for School Road (Near Ecr) has undergone significant changes over the years. The 2017 revision set the guideline value at Rs 1,340 per sq.ft. However, with the latest revision in 2024, the value increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only recorded revisions are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of School Road (Near Ecr).

• School Road (Near K.K.Salai): 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 Kuppam): Rs 1,700 per sq.ft (2024)
• School Road: Rs 3,300 per sq.ft (2024)
• School Salai 1st Street: Rs 3,300 per sq.ft (2024)
• School Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in School Road (Near Ecr)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers School Road (Near Ecr)?

The Sub Registrar Office that covers School Road (Near Ecr) 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 Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of School Road (Near Ecr)?

The current guideline value of School Road (Near Ecr) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

Are there any revisions without figures for School Road (Near Ecr)?

Yes, the register has no figures for School Road (Near Ecr) for the years 2023, 2012, 2007, 2003, and 2002.

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, which is equal to the current value of School Road (Near Ecr).

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.