Guideline Value for SCHOOL ST

School St guideline value

The current guideline value of School St in Aswarevanthapuram village is Rs 300 per sq.ft, effective from 1 July 2024. This falls under the jurisdiction of the Ramakrishna Rajupettai SRO and is classified as Residential Special Type - I.

How the guideline value of School St has changed

The guideline value for School St has seen significant changes over the years. In the 2017 revision, the value was Rs 117 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, representing a 156% rise. The current value remains the same as the 2023 revision, with no change from Rs 300 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is also +156%.

Guideline values in Aswarevanthapuram

In Aswarevanthapuram, there are 10 streets that carry a 2024 guideline value ranging from Rs 220 to Rs 300 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is also the guideline value for School St.

• Savadi St: Rs 300 per sq.ft (2024)
• Road Street: Rs 300 per sq.ft (2024)
• Old Post Office St: Rs 300 per sq.ft (2024)
• Mal Vannier St: Rs 300 per sq.ft (2024)
• Kuttai St: Rs 300 per sq.ft (2024)
• Chittor Main Rd: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in School St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 St?

The Sub Registrar Office that covers School St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Aswarevanthapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are based on the official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are prepared for these additional costs related to stamp duty and registration fees based on the guideline value.

Frequently asked questions

What is the current guideline value of School St?

The current guideline value of School St is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 117 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and remains the same in 2024, reflecting a 156% increase from 2017 to 2024.

What are the other streets in Aswarevanthapuram with the same guideline value?

Other streets in Aswarevanthapuram with the same guideline value of Rs 300 per sq.ft include Savadi St, Road Street, Old Post Office St, Mal Vannier St, Kuttai St, and Chittor Main Rd.

Where is the Sub Registrar Office for School St located?

The Sub Registrar Office for School St is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.