Guideline Value for School Street

School Street guideline value

The current guideline value of School Street in Vandalur village is Rs 1,500 per sq.ft, as per the 2023 revision. This street falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of School Street has changed

Over the years, the guideline value of School Street has seen several revisions. In 2007, the guideline value was Rs 550 per sq.ft. This figure rose significantly to Rs 1,500 per sq.ft in 2012, marking an increase of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. School Street's guideline value stands at Rs 1,500 per sq.ft. There are no other streets in Vandalur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in School Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Street?

The Gooduvancheri Sub Registrar Office covers School Street. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property transaction.

When a property is sold or purchased, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of School Street?

The current guideline value of School Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the land classification of School Street?

School Street is classified as Residential Special Type - I.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located on Defence Colony Road, near the Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a plot of 1,000 sq.ft at the current guideline value would incur a total of Rs 1,35,000 in duties.