Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Vettavedagai village, under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Church Street has changed

Looking at the revisions, the guideline value for Church Street was Rs 200 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 134 per sq.ft, which marked a 49% increase from the previous revision. In the 2012 revision, the value was Rs 200 per sq.ft, indicating a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, there has been no change in the guideline value.

The register does not contain figures for Church Street for the years 2002, 2003, and 2007. Therefore, we only have the figures from 2012, 2017, 2023, and 2024 to consider.

Guideline values in Vettavedagai

In Vettavedagai, five streets under the Sunguvarchattram SRO have a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with the median being Rs 200 per sq.ft. Church Street's 2024 figure aligns with this median.

• Bangalore Main Road: Rs 500 per sq.ft (2024)
• Gandhi Nagar: Rs 200 per sq.ft (2024)
• New Colony: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Church Street?

The Sub Registrar Office that covers Church 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 Vettavedagai

When buying or selling property in Vettavedagai, the guideline value is a critical factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration office will charge the stamp duty based on the higher of the two amounts, which is an essential consideration during property transactions.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Church Street has seen various changes, with the most notable being a 49% increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Vettavedagai with guideline values?

Other streets in Vettavedagai include Bangalore Main Road at Rs 500 per sq.ft, and Gandhi Nagar, New Colony, and Perumal Kovil Street, all at Rs 200 per sq.ft in 2024.

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

For a property valued at Rs 2,00,000 on Church Street, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Church Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Church Street, located on Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.