Guideline Value for Adarsh Homes

Adarsh Homes guideline value

The current guideline value of Adarsh Homes in Echur village is Rs 250 per sq.ft, effective from the 2024 revision on 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Adarsh Homes has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also reflects the same figure, resulting in no percentage change from the previous year.

It is important to note that the guideline value register does not contain figures for the years 2002, 2003, and 2007 for this street. Thus, the only available revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing the Adarsh Homes guideline value above this median.

• Ambethkar Nagar: Rs 150 per sq.ft (2024)
• Arokiamatha Kovil Street: Rs 150 per sq.ft (2024)
• Ayyar Street: Rs 150 per sq.ft (2024)
• China Colony Mariamman kovil Street: Rs 150 per sq.ft (2024)
• China Street: Rs 150 per sq.ft (2024)
• Eshwaran Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Adarsh Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which totals Rs 17,500, and the registration fee is 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fees together is Rs 22,500. It is essential 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 further calculations.

Which Sub Registrar Office covers Adarsh Homes?

The Sub Registrar Office that covers Adarsh Homes is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property registration in Echur. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer and seller must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with the regulations set by the Registration Department, and the fees are calculated based on the higher of the two values.

Frequently asked questions

What is the current guideline value of Adarsh Homes?

The current guideline value of Adarsh Homes is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification for Adarsh Homes?

Adarsh Homes is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Adarsh Homes?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500 for stamp duty and registration fees.

Which Sub Registrar Office covers Echur village?

The Sunguvarchattram Sub Registrar Office covers Echur village, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.