Guideline Value for School Street

School Street guideline value

The current guideline value of School Street in Nallur_2 village is Rs 700 per sq.ft, as per the 2023 revision. This area falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of School Street has changed

In the 2017 revision, the guideline value for School Street was Rs 469 per sq.ft. The most recent revision in 2023 saw an increase to Rs 700 per sq.ft, marking a change of +49% between these two revisions. Notably, there are no figures available for the years 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value has seen a significant increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023. The revisions for other years do not provide any figures for School Street.

Guideline values in Nallur_2

Currently, there are no specific guideline values for other streets in Nallur_2 under the Redhills SRO. Therefore, the focus remains solely on School Street.

Stamp duty and registration fee for property in School Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a buyer or seller approaches the registration office, the guideline value will determine the applicable fees. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of School Street?

The current guideline value of School Street is Rs 700 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, where the guideline value was Rs 469 per sq.ft, it has increased to Rs 700 per sq.ft in 2023, representing a change of +49%.

Are there guideline values available for other years?

For School Street, there are no guideline values available for the years 2024, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for a property in School Street?

For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for School Street located?

The Sub Registrar Office covering School Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.