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, 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 China Colony Mariamman kovil Street has changed

The guideline value for China Colony Mariamman kovil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which was then increased to Rs 150 per sq.ft in the 2023 revision. The most recent revision in 2024 maintained this value at Rs 150 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 value for these streets is Rs 150 per sq.ft, which is equal to the 2024 figure for China Colony Mariamman kovil Street.

• 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 guideline value of Rs 150 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 13,500. It is important to note that stamp duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

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. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Echur_B. It helps determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transacted.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023 and has remained the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the other streets in Echur_B with the same guideline value?

Several other streets in Echur_B also have a guideline value of Rs 150 per sq.ft in 2024, including China Street, Eshwaran Kovil Street, Ayyar Street, Gangaiamman Kovil Street, Arokiamatha Kovil Street, and Ambethkar Nagar.

What is the stamp duty for property in China Colony Mariamman kovil Street?

The stamp duty for property at the current guideline value is 7%, which would amount to Rs 10,500 for a 1,000 sq.ft plot valued at Rs 1,50,000. Registration fees are an additional 2%, totaling Rs 3,000.

Where is the Sub Registrar Office for China Colony Mariamman kovil Street located?

The Sub Registrar Office for China Colony Mariamman kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.