Guideline Value for ALAYAMMAN KOIL STREET (WARD -19)

Alayamman Koil Street (Ward -19) guideline value

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Alayamman Koil Street (Ward -19) has changed

The guideline value for Alayamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the latest revision in 2024 has raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Alayamman Koil Street's 2024 figure below that median.

• Agayathya Garden (N): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 660 per sq.ft (2024)
• Agayathiyar Street (N): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Alayamman Koil Street (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Alayamman Koil Street (Ward -19)?

The Sub Registrar Office that covers Alayamman Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more assistance.

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

The guideline value is a critical factor when registering a property in Panangottur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both parties. It provides a clear understanding of the value of the property, which can aid in negotiations and ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Alayamman Koil Street (Ward -19)?

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Alayamman Koil Street?

The land classification for Alayamman Koil Street (Ward -19) is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Alayamman Koil Street?

The Sub Registrar Office for Alayamman Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Alayamman Koil Street?

Stamp duty for properties in Alayamman Koil Street is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,40,000 would incur a stamp duty of Rs 30,800.