Guideline Value for AMMAN KOIL 1ST LANE

Amman Koil 1st Lane guideline value

The current guideline value of Amman Koil 1st Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Amman Koil 1st Lane has changed

The guideline value for Amman Koil 1st Lane has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017. The value rose to Rs 2,500 per sq.ft again in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. There are no figures available in the register for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 8%. The overall increase from 2007 to 2024 is a remarkable 440%, reflecting the changes in the property market over the years. The fluctuations indicate a complex history of value adjustments in this area.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value figure, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Amman Koil 1st Lane.

• Amman Koil 2nd Lane: Rs 2,700 per sq.ft (2024)
• Ammaiyi Ammal Lane: Rs 3,800 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 Amman Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. 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 Amman Koil 1st Lane?

The Sub Registrar Office that covers Amman Koil 1st 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 when registering property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating taxes and fees. Buyers and sellers should be aware of this value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Amman Koil 1st Lane?

The current guideline value of Amman Koil 1st Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 440% over the years.

What is the land classification for Amman Koil 1st Lane?

Amman Koil 1st Lane is classified as Residential Class III Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Amman Koil 1st Lane?

The Purasaivakkam Sub Registrar Office handles registrations for Amman Koil 1st Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.