Guideline Value for School Street

School Street guideline value

The current guideline value of School Street in Palnalloor village is Rs 175 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of School Street has changed

In the 2012 revision, the guideline value was set at Rs 175 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, during the 2017 revision, the value had previously increased from Rs 117 per sq.ft in 2017, marking a 50% rise from the earlier figure. The 2023 revision also maintained the value at Rs 175 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 175 per sq.ft, indicating no change from the previous year. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. School Street's 2024 guideline value is below this median.

• Selva Vinayagar Street: Rs 175 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Thanthoniamman Kovil Street: Rs 250 per sq.ft (2024)
• TheruVeethiamman Kovil North Street: Rs 175 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 175 per sq.ft (2024)
• Thirumallai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, resulting in a total of Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers School Street?

The Sub Registrar Office that covers School Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Palnalloor. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of School Street?

The current guideline value of School Street is Rs 175 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value of School Street has remained at Rs 175 per sq.ft since the 2012 revision, with a previous increase from Rs 117 per sq.ft in 2017. The value was also Rs 175 per sq.ft in the 2023 revision.

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

Other streets in Palnalloor include Selva Vinayagar Street at Rs 175 per sq.ft, Sri Balaji Nagar at Rs 200 per sq.ft, and Thanthoniamman Kovil Street at Rs 250 per sq.ft, among others.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is generally 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of property.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant online portal. The Sunguvarchattram Sub Registrar Office covers School Street.