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

How the guideline value of Kammmalr Street has changed

The guideline value for Kammmalr Street has undergone several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which was then increased to Rs 150 per sq.ft in the 2023 revision. The most recent 2024 revision maintained the value at Rs 150 per sq.ft, indicating no change from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kammmalr Street. Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value.

Guideline values in Echur_B

In Echur_B, there are a total of 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the current guideline value of 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, charged at 7%, would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000. Together, these fees would total 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 information on calculating these fees, you can use our 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 details.

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

The guideline value is a critical factor in property transactions as it determines the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation to avoid any legal issues or 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 of Kammmalr Street has remained at Rs 150 per sq.ft since the 2023 revision. It was previously set at Rs 100 per sq.ft in the 2017 revision, marking a 50% increase overall from 2017 to 2024.

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

Several other streets in Echur_B have the same guideline value of Rs 150 per sq.ft for 2024, including Kanakkar Street, Kalaiamman Kovil Street, Kurukku Street, Lakshmi Priya Farm Lands, Mantheivelliamman Kovil Streer, and Gangaiamman Kovil Street.

How is stamp duty calculated for properties in Kammmalr Street?

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

Where can I find the Sub Registrar Office for Kammmalr Street?

The Sub Registrar Office covering Kammmalr Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the relevant link.