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_B village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Tharikara Street has changed

The guideline value for Tharikara Street has remained consistent at Rs 150 per sq.ft for the revisions in 2023 and 2024. Prior to this, in 2017, the guideline value was Rs 100 per sq.ft, marking a 50% increase to the current value over the span of seven years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, the guideline value has increased by 50% from 2017 to 2024, with no change from 2023 to 2024.

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 value is Rs 150 per sq.ft, making Tharikara Street's 2024 figure equal to that median.

• 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 amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total of 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 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during property registration in Echur_B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is crucial to be aware of these values to ensure compliance with local regulations and to facilitate a smooth transaction 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?

Since 2017, the guideline value has increased from Rs 100 per sq.ft to Rs 150 per sq.ft in 2024, reflecting a 50% increase over this period. There has been no change in the value from 2023 to 2024.

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

Other streets in Echur_B include Sharma Nagar at Rs 300 per sq.ft, Santhiamman Kovil Street and Pillaiyar Kovil Street at Rs 150 per sq.ft, and Road Street and Risemil Street at Rs 200 per sq.ft, among others.

What fees are associated with property transactions in Tharikara Street?

For property transactions in Tharikara Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 13,500.

Where can I find the Sub Registrar Office for Tharikara Street?

The Sub Registrar Office for Tharikara Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO through the provided link.