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Guideline Value

Corporate

Guideline Value for School Road (School View Street)

₹3300/sq.ft.

The guideline value for School Road (school View Street) in Virugambakkam village (Virugambakkam 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 Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV 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 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹287 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹259 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 (school View Street)

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School Road (School View Street) guideline value

The current guideline value of School Road (School View Street) in Virugambakkam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Virugambakkam SRO and is classified as Residential Class IV Type - I.

How the guideline value of School Road (School View Street) has changed

The guideline value for School Road (School View Street) has seen several revisions over the years. In 2002, the value was Rs 259 per sq.ft, which increased to Rs 287 per sq.ft in 2003, marking an 11% increase. The value then rose significantly to Rs 500 per sq.ft in 2007, reflecting a 74% change. Following this, the value surged to Rs 3,000 per sq.ft in 2012, a remarkable 500% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, indicating a decrease of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1174%. There are no revisions with no figure for this street in the register.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for School Road (School View Street) is below this median.

Stamp duty and registration fee for property in School Road (School View Street)

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

Which Sub Registrar Office covers School Road (School View Street)?

The Sub Registrar Office that covers School Road (School View Street) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Virugambakkam, as it determines the amount of stamp duty and registration fees payable during the buying or selling process. When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable fees.

Buyers and sellers should be aware that the guideline value is regularly updated, reflecting changes in the real estate market. It is advisable to check the current guideline value before proceeding with any property transaction to ensure compliance with the latest regulations.

Frequently asked questions

What is the current guideline value of School Road (School View Street)?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 259 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1174% over the years.

What is the land classification for School Road (School View Street)?

School Road (School View Street) is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for School Road (School View Street) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

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