Guideline Value for Gangaiamman Kovil Street

Gangaiamman Kovil Street guideline value

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

How the guideline value of Gangaiamman Kovil Street has changed

Over the years, the guideline value for Gangaiamman Kovil Street has seen several revisions. The most recent revisions show that the value remained at Rs 150 per sq.ft for both 2023 and 2024. In contrast, the 2017 revision recorded a value of Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023. The 2012 revision also set the value at Rs 150 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has not changed, staying at Rs 150 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. The 2012, 2017, 2023, and 2024 revisions provide clear values, with 2024 reflecting a stable guideline value compared to previous years.

Guideline values in Echur

In Echur village, 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. Gangaiamman Kovil Street's 2024 figure aligns with this median.

• Eshwaran 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)
• Kalaiamman Kovil Street: Rs 150 per sq.ft (2024)
• Kammmalr Street: Rs 150 per sq.ft (2024)
• Kanakkar Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Gangaiamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangaiamman Kovil Street?

The Sub Registrar Office that covers Gangaiamman 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 information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Echur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gangaiamman Kovil Street?

The current guideline value of Gangaiamman 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 for both 2023 and 2024. It increased from Rs 100 per sq.ft in 2017 and saw a decrease from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017.

What is the land classification for Gangaiamman Kovil Street?

Gangaiamman Kovil Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for property registration?

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

How is stamp duty calculated for properties in Echur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.