Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Kunnam village, under the Sunguvarchattram SRO, is Rs 181 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Church Street has changed

In the 2012 revision, the guideline value for Church Street was set at Rs 200 per sq.ft. This figure decreased to Rs 134 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a significant increase of 35% in the 2023 revision, where it was maintained at Rs 181 per sq.ft. The current 2024 revision also holds the guideline value at Rs 181 per sq.ft, indicating no change from the previous year.

The register has no figures for Church Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has decreased by 10%.

Guideline values in Kunnam

In Kunnam, there are 18 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 181 to Rs 660 per sq.ft. The median value among these streets is Rs 200 per sq.ft, placing Church Street's 2024 figure below that median.

• Elite Homes: Rs 350 per sq.ft (2024)
• Ambal Nagar: Rs 300 per sq.ft (2024)
• Kizhandai Street: Rs 200 per sq.ft (2024)
• Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Lakshmi nagar Extension: Rs 200 per sq.ft (2024)
• Manikandan Nagar: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value is Rs 1,81,000. The stamp duty at 7% amounts to Rs 12,670, and the registration fee at 2% is Rs 3,620, bringing the total fees to Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office covering Church 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 information.

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

The guideline value is a critical factor in the registration process for property transactions in Kunnam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps maintain transparency and consistency in property transactions. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the duty will be calculated on the higher of the two values.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 181 per sq.ft in both the 2023 and 2024 revisions. It was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Church Street?

Church Street is classified as Residential Class II Type - I, which indicates its zoning for residential purposes.

What are the stamp duty and registration fees for a property in Church Street?

For a property valued at Rs 1,81,000 on Church Street, the stamp duty is Rs 12,670, and the registration fee is Rs 3,620, totaling Rs 16,290.

Where can I find the Sub Registrar Office for Church Street?

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