Guideline Value for Mantheivelliamman Kovil Streer

Mantheivelliamman Kovil Streer guideline value

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

How the guideline value of Mantheivelliamman Kovil Streer has changed

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a value of Rs 150 per sq.ft. As of the latest 2024 revision, the guideline value is still Rs 150 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 150 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 50%, maintaining the current rate at Rs 150 per sq.ft.

Guideline values in Echur_B

In Echur_B, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value of Mantheivelliamman Kovil Streer aligns with this median.

• 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 at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mantheivelliamman Kovil Streer?

The Mantheivelliamman Kovil Streer is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Echur_B, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and transparently within the legal framework.

Frequently asked questions

What is the current guideline value of Mantheivelliamman Kovil Streer?

The current guideline value of 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 for Mantheivelliamman Kovil Streer has seen a 50% increase from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2024. The value remained unchanged from 2023 to 2024.

What is the land classification of Mantheivelliamman Kovil Streer?

Mantheivelliamman Kovil Streer is classified as Residential Class IV Type - I.

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

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

How do stamp duty and registration fees work in Echur_B?

Stamp duty and registration fees in Echur_B are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are legally compliant and accurately recorded.