Guideline Value for Arokiamatha Kovil Street

Arokiamatha Kovil Street guideline value

The current guideline value of Arokiamatha Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Echur village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arokiamatha Kovil Street has changed

The guideline value for Arokiamatha Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 100 per sq.ft. Following this, the 2023 revision brought it back up to Rs 150 per sq.ft, and the current 2024 revision maintains this value, showing no percentage change from the previous year.

In summary, from the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Arokiamatha Kovil Street's 2024 figure is equal to this median.

• Ayyar Street: Rs 150 per sq.ft (2024)
• Ambethkar Nagar: Rs 150 per sq.ft (2024)
• Adarsh Homes: Rs 250 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 Arokiamatha Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Arokiamatha Kovil Street?

The Arokiamatha Kovil Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Echur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during a sale.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently, reflecting the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Arokiamatha Kovil Street?

The current guideline value of Arokiamatha Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, except for a drop to Rs 100 per sq.ft in 2017. It returned to Rs 150 per sq.ft in 2023 and has stayed the same for 2024.

What is the land classification of Arokiamatha Kovil Street?

Arokiamatha Kovil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Arokiamatha Kovil Street?

The registration office for Arokiamatha Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Echur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are paid during the registration process.