Guideline Value for Road Street

Road Street guideline value

The current guideline value of Road Street in Echur_B village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Road Street has changed

The guideline value for Road Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent revision in 2024 has kept the value at Rs 200 per sq.ft, indicating no change from the previous year. Notably, there are no recorded figures for this street in the revisions for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 134 to Rs 200 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, maintaining the same rate of Rs 200 per sq.ft since 2023.

Guideline values in Echur_B

In Echur_B village, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which means that Road Street's 2024 figure of Rs 200 per sq.ft is above this median.

• Risemil Street: Rs 200 per sq.ft (2024)
• Santhiamman Kovil Street: Rs 150 per sq.ft (2024)
• Prasanthi Nagar: Rs 300 per sq.ft (2024)
• Sharma Nagar: Rs 300 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 150 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Road Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Road Street?

The Sub Registrar Office covering Road 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 Echur_B

The guideline value plays a crucial role during the registration process of property transactions in Echur_B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Road Street?

The current guideline value of Road Street in Echur_B village is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 to Rs 200 per sq.ft in 2024, marking a 49% increase overall. The value remained unchanged from 2023 to 2024.

What are the other streets in Echur_B and their guideline values?

Other streets in Echur_B under the Sunguvarchattram SRO have varying guideline values, with figures ranging from Rs 150 to Rs 300 per sq.ft. Road Street's value of Rs 200 per sq.ft is above the median of Rs 150 per sq.ft for the area.

What fees are associated with buying property in Road Street?

When buying property in Road Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Road Street located?

The Sub Registrar Office for Road Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles all registration activities for the area.