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_B village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Kalaiamman Kovil Street has changed

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 150 per sq.ft. The 2024 revision also maintains the guideline value at Rs 150 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2017 to 2024, the increase remains at 50%, with the value consistent at Rs 150 per sq.ft for the last two revisions.

Guideline values in Echur_B

In Echur_B village, there are 26 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value is Rs 150 per sq.ft, making Kalaiamman Kovil Street's 2024 figure equal to 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 rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty is charged at 7%, amounting to Rs 10,500, and the registration fee at 2% totals Rs 3,000. Together, the total charges would be Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalaiamman Kovil Street?

The Sub Registrar Office covering Kalaiamman 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 details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, 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.

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?

Since the 2017 revision, the guideline value has increased by 50%. It remained at Rs 150 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Kalaiamman Kovil Street?

Kalaiamman Kovil Street is classified as Residential Class IV Type - I under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office located for Kalaiamman Kovil Street?

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