Guideline Value

Corporate

Guideline Value for SCHOOL ROAD (NEAR K.K.SALAI)

₹3300/sq.ft.

The guideline value for School Road (near K.k.salai) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 (near K.k.salai)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

School Road (Near K.K.Salai) guideline value

The current guideline value of School Road (Near K.K.Salai) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of School Road (Near K.K.Salai) has changed

The guideline value for School Road (Near K.K.Salai) has been revised several times. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a change of +10%. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2024 revision, the guideline value stood at Rs 3,000 per sq.ft in 2023. The previous revisions do not provide any figures for School Road (Near K.K.Salai), indicating that the register has no recorded values for those years. This consistent increase reflects the adjustments made in the guideline values over the years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. School Road (Near K.K.Salai) is above this median value.

Stamp duty and registration fee for property in School Road (Near K.K.Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total fees to be paid Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers School Road (Near K.K.Salai)?

The Sub Registrar Office that covers School Road (Near K.K.Salai) 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 is a critical factor in the registration of properties in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate taxes are paid during the registration process.

Frequently asked questions

What is the current guideline value of School Road (Near K.K.Salai)?

The current guideline value of School Road (Near K.K.Salai) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, representing a change of +10%. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for School Road (Near K.K.Salai)?

The land classification for School Road (Near K.K.Salai) is Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

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

How is stamp duty calculated for properties in Sholinganallur - 1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.