Guideline Value for Kanakkar Street

Kanakkar Street guideline value

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

How the guideline value of Kanakkar Street has changed

Since the 2012 revision, the guideline value for Kanakkar Street has remained stable at Rs 150 per sq.ft. The 2017 revision saw a decrease to Rs 100 per sq.ft, which was a 33% drop from the previous figure. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and it has remained unchanged through the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024, with the current rate reflecting no overall change since 2012.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that have a guideline value for 2024, 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 guideline value of Kanakkar Street.

• Kammmalr 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 Kanakkar 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, making the total fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanakkar Street?

The Sub Registrar Office that covers Kanakkar 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

The guideline value plays a crucial role during property transactions in Echur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid penalties.

When registering a property, the guideline value helps in calculating the total costs involved in the transaction. It ensures transparency and fairness in property dealings, as all transactions are based on the officially recognized values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kanakkar Street?

The current guideline value of Kanakkar 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 Kanakkar Street has remained stable at Rs 150 per sq.ft since 2023 and has not changed since 2012. The only significant change occurred from 2017 to 2023, where it increased from Rs 100 to Rs 150 per sq.ft.

What is the land classification for Kanakkar Street?

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

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

The Sub Registrar Office for Kanakkar 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 for properties in Echur is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at a rate of 7%.