Guideline Value for Mantheivelliamman Kovil Streer

Mantheivelliamman Kovil Streer guideline value

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

How the guideline value of Mantheivelliamman Kovil Streer has changed

The guideline value for Mantheivelliamman Kovil Streer has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the next revision in 2017, when it decreased to Rs 100 per sq.ft. Following that, the guideline value increased by 50% to Rs 150 per sq.ft in 2023, and it has remained the same in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has shown no change, maintaining the rate at Rs 150 per sq.ft.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value in this village is Rs 150 per sq.ft, which is equal to the current figure for Mantheivelliamman Kovil Streer.

• Mettu Street: Rs 200 per sq.ft (2024)
• Mettu Street in Cross Street: Rs 150 per sq.ft (2024)
• Lakshmi Priya Farm Lands: Rs 150 per sq.ft (2024)
• Kurukku Street: Rs 150 per sq.ft (2024)
• Natham Kuppam Colony: Rs 150 per sq.ft (2024)
• Kanakkar Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Mantheivelliamman Kovil Streer

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty, calculated at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees together Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mantheivelliamman Kovil Streer?

The Mantheivelliamman Kovil Streer 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 details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Echur, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for both parties in the transaction.

Frequently asked questions

What is the current guideline value for Mantheivelliamman Kovil Streer?

The current guideline value for Mantheivelliamman Kovil Streer is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in 2012, 2023, and 2024, while it decreased to Rs 100 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for this street?

The land classification for Mantheivelliamman Kovil Streer is Residential Class IV Type - I, indicating its suitability for residential purposes.

How is the stamp duty calculated for properties in this area?

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

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Mantheivelliamman Kovil Streer is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.