Guideline Value for Gangaiamman Kovil Street

Gangaiamman Kovil Street guideline value

The current guideline value of Gangaiamman Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Echur_B village, under the Sunguvarchattram SRO, and 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 undergone several revisions. The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023, and an overall increase of 50% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions available for this street are from 2017, 2023, and 2024, with the 2024 figure being equal to the median guideline value of Rs 150 per sq.ft for the village.

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, with a median 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 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, 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. You can use the stamp duty and registration fee calculator for further assistance.

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_B

The guideline value plays a crucial role in the registration process when buying or selling property in Echur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 the 2023 and 2024 revisions. It increased from Rs 100 per sq.ft in 2017, marking a 50% increase over that period.

What are the other streets in Echur_B with the same guideline value?

Other streets in Echur_B that have the same guideline value of Rs 150 per sq.ft in 2024 include Eshwaran Kovil Street, China Street, China Colony Mariamman kovil Street, Kalaiamman Kovil Street, Kammmalr Street, and Kanakkar Street.

What is the stamp duty for property in Gangaiamman Kovil Street?

The stamp duty for property in Gangaiamman Kovil Street is calculated at 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would be Rs 10,500.

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

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.