Guideline Value for Eshwaran Kovil Street

Eshwaran Kovil Street guideline value

The current guideline value of Eshwaran Kovil Street in Echur village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Eshwaran Kovil Street has changed

The guideline value for Eshwaran Kovil Street has remained consistent at Rs 150 per sq.ft from the 2023 revision through to the 2024 revision, reflecting no change. Prior to that, in the 2017 revision, the guideline value was Rs 100 per sq.ft, indicating a 50% increase by 2023.

Looking further back, the 2012 revision also listed the guideline value at Rs 150 per sq.ft. This means there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has not changed, remaining 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, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Eshwaran Kovil Street's 2024 figure aligns with this median.

• Gangaiamman Kovil Street: Rs 150 per sq.ft (2024)
• China Street: Rs 150 per sq.ft (2024)
• China Colony Mariamman kovil Street: Rs 150 per sq.ft (2024)
• Ayyar Street: Rs 150 per sq.ft (2024)
• Kalaiamman Kovil Street: Rs 150 per sq.ft (2024)
• Arokiamatha Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Eshwaran 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, while the registration fee at 2% would be Rs 3,000, bringing the total fees 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eshwaran Kovil Street?

The Eshwaran Kovil Street is covered by 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 Echur

The guideline value is a critical factor in property transactions in Echur, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Eshwaran Kovil Street?

The current guideline value of Eshwaran 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 from 2023 to 2024, while it was Rs 100 per sq.ft in 2017. There was a decrease of 33% from 2012 to 2017, but overall, from 2012 to 2024, the value has not changed.

What is the land classification for Eshwaran Kovil Street?

Eshwaran Kovil Street is classified as Residential Class IV Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions.

Where is the Sunguvarchattram Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 13,500.