Guideline Value for China Colony Mariamman kovil Street

China Colony Mariamman kovil Street guideline value

The current guideline value of China Colony Mariamman kovil Street is Rs 150 per sq.ft. 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 China Colony Mariamman kovil Street has changed

The guideline value for China Colony Mariamman kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value increased to Rs 100 per sq.ft, before returning to Rs 150 per sq.ft in the 2023 revision. The most recent 2024 revision also maintains this value at Rs 150 per sq.ft, reflecting a 0% change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 50%. The overall change from the 2012 revision to the 2024 revision shows no net increase, as the value remains at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Echur

In Echur village, 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 value is Rs 150 per sq.ft, placing China Colony Mariamman kovil Street at this median rate.

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

Stamp duty and registration fee for property in China Colony Mariamman kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important 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 more detailed calculations.

Which Sub Registrar Office covers China Colony Mariamman kovil Street?

The Sub Registrar Office that covers China Colony Mariamman kovil Street 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 plays a crucial role during the registration process when buying or selling property in Echur. It is the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is used to determine the minimum value for which the property can be registered. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of China Colony Mariamman kovil Street?

The current guideline value of China Colony Mariamman kovil Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value for streets in Echur?

The median guideline value for streets in Echur under the Sunguvarchattram SRO is Rs 150 per sq.ft, which is also the value for China Colony Mariamman kovil Street.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office located for this street?

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