Guideline Value for AMEERJOHN STREET

Ameerjohn Street guideline value

The current guideline value of Ameerjohn Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

How the guideline value of Ameerjohn Street has changed

The guideline value for Ameerjohn Street has undergone several revisions over the years. The 2003 revision recorded a value of Rs 1,077 per sq.ft, which increased to Rs 1,650 per sq.ft in 2007, marking a significant rise of 53%. The value then surged to Rs 5,800 per sq.ft in 2012, reflecting an increase of 252%. However, there was a decrease to Rs 3,886 per sq.ft in the 2017 revision, a drop of 33%. The value then rose to Rs 5,800 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 6,300 per sq.ft, which is a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 485%. It is important to note that there is no figure available for the year 2002 in the register for Ameerjohn Street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Ameerjohn Street above this median.

• Amman Koil Street: Rs 6,300 per sq.ft (2024)
• Amman Street: Rs 4,400 per sq.ft (2024)
• Amara Babu Street: Rs 4,400 per sq.ft (2024)
• Andavar Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 3rd Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ameerjohn Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty is calculated at 7%, amounting to Rs 4,41,000, while the registration fee at 2% comes to Rs 1,26,000. Together, the total cost for these fees would be Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ameerjohn Street?

The Sub Registrar Office that covers Ameerjohn Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Ameerjohn Street?

The current guideline value of Ameerjohn Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,077 per sq.ft in 2003 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 485% over the years.

What is the land classification for Ameerjohn Street?

Ameerjohn Street is classified as Residential Special Type - III according to the land classification records.

Where can I find the registration office for Ameerjohn Street?

The registration office for Ameerjohn Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Ameerjohn Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 4,41,000.