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. This street is located in Echur_B village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Santhiamman Kovil Street has changed

The guideline value for Santhiamman Kovil Street has remained consistent at Rs 150 per sq.ft from the 2023 revision through the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Echur_B

In Echur_B, there are 26 streets under the Sunguvarchattram SRO with 2024 guideline values ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which matches the current 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 cost for these 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.

You can use the stamp duty and registration fee calculator for further calculations.

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.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Echur_B, as it determines the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value when finalizing the sale price, as it can impact the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential to ensure that the sale price is not lower than the guideline value to avoid any legal complications 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 for Santhiamman Kovil Street has remained at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase.

What is the land classification for Santhiamman Kovil Street?

The land classification for Santhiamman Kovil Street is Residential Class IV Type - I. This classification affects the guideline value and potential land use.

What are the stamp duty and registration fees for property in Santhiamman Kovil Street?

The stamp duty for a property valued at Rs 1,50,000 is Rs 10,500, and the registration fee is Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Santhiamman Kovil Street?

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