Guideline Value for School Street

School Street guideline value

The current guideline value for School Street in Pulikoradu village is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of School Street has changed

The guideline value for School Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased dramatically to Rs 600 per sq.ft in 2012, marking a 500% rise. The value continued to rise, reaching Rs 800 per sq.ft in the 2023 revision, which is a 33% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2017 for School Street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the 2024 figure for School Street.

• Selvapuram: Rs 880 per sq.ft (2024)
• Sapphire: Rs 3,850 per sq.ft (2024)
• Service Road(Maduravayul ByPass): Rs 1,320 per sq.ft (2024)
• Sri Bhuvaneshwar Nagar: Rs 880 per sq.ft (2024)
• Sri Bhuvaneshwar Nagar Extn.: Rs 1,100 per sq.ft (2024)
• Ramesh Nagar Main Road: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in School Street

For a 1,000 sq.ft plot on School Street at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the 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 details.

Which Sub Registrar Office covers School Street?

The Sub Registrar Office that covers School Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is referenced to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the established guideline values.

Frequently asked questions

What is the current guideline value for School Street?

The current guideline value for School Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for School Street has increased from Rs 100 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, representing a total increase of 780% over this period.

Are there any years with no guideline value for School Street?

Yes, there are no figures available for the revisions in 2002, 2003, and 2017 for School Street.

What is the stamp duty rate for property in School Street?

The stamp duty rate for property transactions in School Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for School Street?

The Sub Registrar Office for School Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.