Guideline Value for Kuzhanthai Easu Kovil Street

Kuzhanthai Easu Kovil Street guideline value

The current guideline value of Kuzhanthai Easu Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, classified as Residential Class IV Type - II.

How the guideline value of Kuzhanthai Easu Kovil Street has changed

The guideline value for Kuzhanthai Easu Kovil Street has seen several revisions over the years. In 2012, the guideline value was Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. This decrease was followed by a significant increase in the 2023 revision, bringing the value back to Rs 300 per sq.ft, which has been maintained in the 2024 revision as well.

From 2017 to 2023, there was a notable increase of 49%, while from 2012 to 2017, the guideline value experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, indicating that Kuzhanthai Easu Kovil Street's 2024 figure is below this median.

• Kuzhanthai Easu Nagar: Rs 600 per sq.ft (2024)
• Loordu Nagar: Rs 605 per sq.ft (2024)
• Lucky Land: Rs 605 per sq.ft (2024)
• Kasthuribai Street: Rs 300 per sq.ft (2024)
• Karumariamman Kovil Street: Rs 800 per sq.ft (2024)
• Karpagavalli Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuzhanthai Easu Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuzhanthai Easu Kovil Street?

The Sub Registrar Office that covers Kuzhanthai Easu Kovil 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 Molachoor

The guideline value plays a crucial role in the registration process of property transactions in Molachoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kuzhanthai Easu Kovil Street?

The current guideline value of Kuzhanthai Easu Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions: it was Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification for Kuzhanthai Easu Kovil Street?

Kuzhanthai Easu Kovil Street is classified as Residential Class IV Type - II.

Which Sub Registrar Office handles the registration for this street?

The Sunguvarchattram Sub Registrar Office handles the registration for Kuzhanthai Easu Kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000.