Guideline Value for Eshwaran Kovil Street

Eshwaran Kovil Street guideline value

The current guideline value of Eshwaran Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Echur_B village, under the jurisdiction of the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Eshwaran Kovil Street has changed

In the 2017 revision, the guideline value for Eshwaran Kovil Street was set at Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 150 per sq.ft. With the 2024 revision, the guideline value was again maintained at Rs 150 per sq.ft, showing no percentage change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The consistent value of Rs 150 per sq.ft from 2023 to 2024 indicates stability in the guideline value for this street during this period.

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 guideline value for these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Eshwaran Kovil Street.

• 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 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, bringing the total to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Eshwaran Kovil Street?

The Sub Registrar Office that covers Eshwaran Kovil 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 Echur_B

The guideline value is a critical factor during the registration of property transactions in Echur_B. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring 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 increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase over that period.

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 for 2024, including Gangaiamman Kovil Street, China Street, and Ayyar Street, among others.

What is the stamp duty rate for properties in Eshwaran Kovil Street?

The stamp duty rate for properties in Eshwaran Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Eshwaran Kovil Street?

The Sub Registrar Office for Eshwaran Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.