Guideline Value for Kammmalr Street

Kammmalr Street guideline value

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

How the guideline value of Kammmalr Street has changed

The guideline value for Kammmalr Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged through the 2017 revision. However, in the 2017 revision, the value was adjusted to Rs 100 per sq.ft, marking a decrease of 33%. This was followed by a significant increase of 50% in the 2023 revision, bringing the value back to Rs 150 per sq.ft. The current 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kammmalr Street.

Guideline values in Echur

Echur village features 26 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value is Rs 150 per sq.ft, which is equal to the 2024 figure for Kammmalr Street.

• Kanakkar Street: Rs 150 per sq.ft (2024)
• Kalaiamman Kovil 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)
• Mantheivelliamman Kovil Streer: Rs 150 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kammmalr 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, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is essential 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 Kammmalr Street?

The Sub Registrar Office that covers Kammmalr 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 is a crucial factor when registering property transactions in Echur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must ensure that the property is registered at or above the guideline value to comply with local regulations.

When a property is sold, the guideline value helps in assessing the financial obligations associated with the transaction. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kammmalr Street?

The current guideline value of Kammmalr Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kammmalr Street has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023. The 2024 revision also maintains this value.

What is the land classification for Kammmalr Street?

Kammmalr Street is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

Which Sub Registrar Office covers the registration for Kammmalr Street?

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

How is the stamp duty calculated for property in Kammmalr Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.