Guideline Value for AMMA KANNAMMAL STREET

Amma Kannammal Street guideline value

The current guideline value of Amma Kannammal Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Amma Kannammal Street has changed

Over the years, the guideline value of Amma Kannammal Street has seen several revisions. The earliest recorded figure in the register is from 2002, with a guideline value of Rs 393 per sq.ft. This figure increased to Rs 493 per sq.ft in 2003, marking a 25% rise. The value continued to increase significantly, reaching Rs 800 per sq.ft in 2007, which was a 62% increase from the previous year. By 2012, the value had risen to Rs 3,000 per sq.ft, reflecting a substantial 275% increase from 2007. However, this figure dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%.

The guideline value then increased again to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 740%.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Amma Kannammal Street's 2024 figure below that median.

• Andal Street: Rs 3,300 per sq.ft (2024)
• Alandur Road: Rs 6,050 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 3,300 per sq.ft (2024)
• Abith Colony: Rs 4,400 per sq.ft (2024)
• Anna Nagar: Rs 3,300 per sq.ft (2024)
• Abdul Razack Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Amma Kannammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amma Kannammal Street?

The Sub Registrar Office that covers Amma Kannammal Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses in any property transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Amma Kannammal Street?

The current guideline value of Amma Kannammal Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 393 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing a total increase of 740% over the years.

What is the land classification for Amma Kannammal Street?

Amma Kannammal Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Amma Kannammal Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Saidapet?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.