Guideline Value for Tharikara Street

Tharikara Street guideline value

The current guideline value of Tharikara 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 Tharikara Street has changed

The guideline value for Tharikara Street has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in 2023, and it has stayed the same in the 2024 revision, showing a 0% change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Tharikara Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant, showing a 0% change.

Guideline values in Echur

In Echur 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 is Rs 150 per sq.ft, which is equal to the current guideline value of Tharikara Street.

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

Stamp duty and registration fee for property in Tharikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tharikara Street?

The Sub Registrar Office that covers Tharikara 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

The guideline value is a crucial factor when registering property transactions in Echur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at fair and transparent values.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Tharikara Street?

The current guideline value of Tharikara 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 remained at Rs 150 per sq.ft since 2012, with 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.

What is the land classification for Tharikara Street?

Tharikara Street is classified as Residential Class IV Type - I.

Which office handles registrations for properties in Tharikara Street?

The Sunguvarchattram Sub Registrar Office handles property registrations for Tharikara Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, with applicable fees calculated accordingly.