Guideline Value for Kalaiamman Kovil Street

Kalaiamman Kovil Street guideline value

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

How the guideline value of Kalaiamman Kovil Street has changed

The guideline value for Kalaiamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. From 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and the 2024 revision maintained this rate, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, reflecting a 0% change.

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 the median value being Rs 150 per sq.ft. Kalaiamman Kovil Street's 2024 figure aligns perfectly with this median.

• Kammmalr Street: Rs 150 per sq.ft (2024)
• Kanakkar Street: Rs 150 per sq.ft (2024)
• Kurukku Street: Rs 150 per sq.ft (2024)
• Lakshmi Priya Farm Lands: Rs 150 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 150 per sq.ft (2024)
• Eshwaran Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total 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, bringing the total cost together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalaiamman Kovil Street?

The Sub Registrar Office that covers Kalaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Echur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is a key factor in calculating these costs.

When registering a property, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty is charged on the sale price instead. This ensures that the registration fees reflect the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kalaiamman Kovil Street?

The current guideline value of Kalaiamman 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 seen changes from Rs 150 in 2012 to Rs 100 in 2017, then back to Rs 150 in 2023 and 2024. Overall, from 2012 to 2024, the value has remained stable.

What is the land classification for Kalaiamman Kovil Street?

Kalaiamman Kovil Street is classified as Residential Class IV Type - I, which indicates its intended use for residential purposes.

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

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

How is the 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, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.