Guideline Value for Kanakkar Street

Kanakkar Street guideline value

The current guideline value of Kanakkar 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 Kanakkar Street has changed

The guideline value for Kanakkar Street has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged at Rs 150 per sq.ft in the 2023 revision. The most recent revision in 2024 also maintains the value at Rs 150 per sq.ft, reflecting a 50% increase from the 2017 figure.

It is important to note that there are no registered figures for Kanakkar Street for the years 2002, 2003, 2007, and 2012. Therefore, the only available figures are from the 2017, 2023, and 2024 revisions, showing a consistent guideline value of Rs 150 per sq.ft since 2023.

Guideline values in Echur_B

In Echur_B village, 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 guideline value in this area is Rs 150 per sq.ft, which aligns with the current 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 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 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.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kanakkar Street?

Kanakkar Street falls under the jurisdiction of 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_B

The guideline value is a crucial factor when registering property transactions in Echur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

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 has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, reflecting a 50% increase over this period.

What is the land classification for Kanakkar Street?

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

Where can I find the registration office for Kanakkar Street?

The registration office covering Kanakkar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Echur_B?

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