Guideline Value for School Road

School Road guideline value

The current guideline value of School Road in 44.Ayanambakkam village is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the Konnur SRO and is classified as Residential Special Type - III.

How the guideline value of School Road has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision shows a further increase to Rs 1,700 per sq.ft, which is a 6% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, indicating that School Road's 2024 figure is above this median.

• Sasthri Street: Rs 880 per sq.ft (2024)
• Sasthri Nagar: Rs 880 per sq.ft (2024)
• Saratha Nagar: Rs 801 per sq.ft (2024)
• Saraswathy nagar Extn.: Rs 880 per sq.ft (2024)
• Saraswathy Nagar: Rs 880 per sq.ft (2024)
• Senthil Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in School Road

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 Road?

The Sub Registrar Office that covers School Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor in property transactions in 44.Ayanambakkam, as it determines the amount of stamp duty and registration fees payable. When a property is sold or bought, the guideline value is used to assess these charges, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to understand the guideline value as it reflects the official valuation set by the authorities. This value is updated periodically, and staying informed about these changes can help in making better decisions during property transactions.

Frequently asked questions

What is the current guideline value of School Road?

The current guideline value of School Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,700 per sq.ft, marking an overall increase of 59% by 2024.

Which Sub Registrar Office covers School Road?

The Konnur Sub Registrar Office covers School Road, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty and registration fees for a property on School Road?

For a property on School Road valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with School Road's 2024 figure of Rs 1,700 per sq.ft being above this median.