Guideline Value for AMMAIYI AMMAL LANE

Ammaiyi Ammal Lane guideline value

The current guideline value of Ammaiyi Ammal Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This lane is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Ammaiyi Ammal Lane has changed

The guideline value for Ammaiyi Ammal Lane has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft. This saw a significant increase to Rs 3,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 raised it to Rs 3,800 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 483%. However, it then decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and the most recent increase from 2023 to 2024 is 9%. Overall, from 2007 to 2024, the guideline value has increased by 533%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making Ammaiyi Ammal Lane's 2024 figure of Rs 3,800 per sq.ft above the median.

• Amman Koil 1st Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil 2nd Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Ammayi Ammal Street: Rs 3,800 per sq.ft (2024)
• Ambedkar Street: Rs 2,700 per sq.ft (2024)
• Ambedkar Road (A) Gantz Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaiyi Ammal Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. 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 details.

Which Sub Registrar Office covers Ammaiyi Ammal Lane?

The Sub Registrar Office that covers Ammaiyi Ammal Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately for taxation and legal purposes.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ammaiyi Ammal Lane?

The current guideline value of Ammaiyi Ammal Lane is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 533% over the years.

What is the land classification for Ammaiyi Ammal Lane?

Ammaiyi Ammal Lane is classified as Residential Class II Type - II.

Where can I find the registration office for Ammaiyi Ammal Lane?

The registration office for Ammaiyi Ammal Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Ammaiyi Ammal Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at 7%.