Personally I would prefer the school nearest to place of residence as that allows for more extra curricular activities without a lot of time spent on travel as traffic is an issue in most metros today. Boarding schools are not discussed as they are a separate breed and require different parameters like psychological effects of separation etc. There is a saying in tamil - a child which studies will study anywhere!! So dont perpetuate this ranking of schools but as parents participate more in the education of your child and you will be surprised that the ranking of the school does not matter.
refer earlier blog http://forsec.blogspot.com/2009/02/home-schooling.html for more..
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