Guideline Value

Corporate

Guideline Value for SCHOOL ROAD

₹7700/sq.ft.

The guideline value for School Road in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1200 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹745 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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]

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School Road guideline value

The current guideline value of School Road in Mambalam village is Rs 7,700 per sq.ft, effective from 1 July 2024. This street falls under the Thiyagaraya nagar SRO and is classified as Residential Class I Type - II.

How the guideline value of School Road has changed

The guideline value for School Road has seen significant changes over the years. In the 2002 revision, the value was Rs 745 per sq.ft, which increased to Rs 1,200 per sq.ft in 2003, marking a 61% rise. Following this, the value rose to Rs 2,000 per sq.ft in 2007, a 67% increase. The 2012 revision saw a decrease to Rs 7,000 per sq.ft, a drop of 33%. However, the value surged to Rs 4,690 per sq.ft in 2017, reflecting a 49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 7,000 per sq.ft, and it has now increased to Rs 7,700 per sq.ft in 2024, showing a 10% rise.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 is a remarkable increase of 934%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing School Road's 2024 figure above that 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 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers School Road?

The Sub Registrar Office that covers School Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

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

Frequently asked questions

What is the current guideline value of School Road?

The current guideline value of School Road is Rs 7,700 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 745 in 2002 to Rs 7,700 in 2024, reflecting an overall increase of 934% over this period.

What are the other streets in Mambalam with their guideline values?

Other streets in Mambalam include Sathyanarayana Road and Sastri Main Road, both valued at Rs 6,600 per sq.ft in 2024, while Sastri 3 Rd Cross Street, Sastri 2 Cross Street, and Sastri 1 St Cross Street are valued at Rs 4,400 per sq.ft.

What is the registration fee for property in School Road?

The registration fee for property in School Road is calculated based on the guideline value, which is currently Rs 7,700 per sq.ft. The fee is 2% of the guideline value.

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

The Sub Registrar Office covering School Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.