Guideline Value for Santhiamman Kovil Street

Santhiamman Kovil Street guideline value

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

How the guideline value of Santhiamman Kovil Street has changed

Over the years, the guideline value for Santhiamman Kovil Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision saw a decrease to Rs 100 per sq.ft, marking a 33% drop from 2012. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The current value remains the same as the previous two revisions, showing no change from 2023 to 2024.

Additionally, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Echur

In Echur village, there are 26 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Santhiamman Kovil Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total 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, bringing the total fees 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhiamman Kovil Street?

The Sub Registrar Office that covers Santhiamman 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Echur. It is the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to determine the applicable taxes and fees. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Santhiamman Kovil Street?

The current guideline value of Santhiamman Kovil 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 seen various changes, including a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024. Overall, the value has remained unchanged from 2012 to 2024.

What is the classification of land on Santhiamman Kovil Street?

Santhiamman Kovil Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Santhiamman Kovil Street?

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

How is the stamp duty calculated for properties in Santhiamman Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%, along with a registration fee of Rs 3,000 at 2%.