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_B village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Arokiamatha Kovil Street has changed

The guideline value for Arokiamatha Kovil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged at Rs 150 per sq.ft in the 2023 revision. The 2024 revision also maintained the value at Rs 150 per sq.ft, resulting in a 50% increase from the 2017 revision to the current rate.

It is important to note that the register has no figures for Arokiamatha Kovil Street for the years 2002, 2003, 2007, and 2012. The changes between the revisions indicate that there was no increase from 2023 to 2024, while the overall change from 2017 to 2024 reflects a 50% increase.

Guideline values in Echur_B

In Echur_B, there are 26 streets under the Sunguvarchattram SRO that carry 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, which is the same as the current guideline value for Arokiamatha Kovil Street.

• 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, while the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arokiamatha Kovil Street?

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

You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Echur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the Registration Department.

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 the 2023 revision, which was also Rs 150 per sq.ft. The value increased from Rs 100 per sq.ft in the 2017 revision, marking a 50% increase over that period.

What is the land classification for Arokiamatha Kovil Street?

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

Where can I find the Sub Registrar Office for Arokiamatha Kovil Street?

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

How is stamp duty calculated for properties in Arokiamatha Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.