Guideline Value

Corporate

Guideline Value for SCHOOL ROAD

₹6400/sq.ft.

The guideline value for School Road in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 6400 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6400 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹419 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹382 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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]

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School Road guideline value

The current guideline value of School Road in Perambur village, under the Purasaivakkam SRO, is Rs 6,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of School Road has changed

The guideline value for School Road has seen significant changes over the years. In 2002, the value was Rs 382 per sq.ft, which increased to Rs 419 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 800 per sq.ft in 2007, reflecting a substantial increase of 91%. Following this, the value jumped dramatically to Rs 6,000 per sq.ft in 2012, a rise of 650%. However, it decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The guideline value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current value of Rs 6,400 per sq.ft in 2024, which is a 7% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,575%. There are no figures available for any revisions other than those listed above.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with guideline values for 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, and School Road's 2024 figure is above this median.

Stamp duty and registration fee for property in School Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000. The stamp duty at 7% would be Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000. Together, the total cost for these fees would be Rs 5,76,000. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers School Road?

The Sub Registrar Office that covers School Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perambur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. This value is determined by the government and is subject to periodic revisions based on various factors.

Frequently asked questions

What is the current guideline value of School Road?

The current guideline value of School Road is Rs 6,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 382 per sq.ft in 2002 to Rs 6,400 per sq.ft in 2024, reflecting an overall increase of 1,575% over this period.

What is the land classification for School Road?

The land classification for School Road is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for School Road?

The Sub Registrar Office covering School Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 5,76,000.