Guideline Value for AMMAN KOIL 1ST LANE

Amman Koil 1st Lane guideline value

The current guideline value of Amman Koil 1st Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

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

Over the years, the guideline value of Amman Koil 1st Lane has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 1,800 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, which is a drop of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 4,900 per sq.ft, reflecting a 9% increase.

From 2017 to 2023, the value rose by 49%, bringing it back to the level seen in 2012. Overall, from the 2007 figure to the current 2024 figure, the guideline value has increased by 172%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, which means Amman Koil 1st Lane's 2024 figure is below that median.

• Amman Koil 2nd Lane: Rs 4,900 per sq.ft (2024)
• Amman Koil Street: Rs 4,900 per sq.ft (2024)
• Anantha Vinayagar Koil Street: Rs 4,900 per sq.ft (2024)
• Alexander Road: Rs 4,900 per sq.ft (2024)
• Alexander Lane: Rs 4,900 per sq.ft (2024)
• Angalamman Koil Lane: 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 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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 Purasaivakkam

The guideline value is a crucial factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the value of the property and is used for calculating stamp duty and registration fees during the transaction process.

When you register a property, the guideline value helps ensure that the sale price reflects the market conditions. It is essential to be aware of the current guideline value to avoid discrepancies during the registration 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 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 figure being Rs 4,900 per sq.ft, up from Rs 4,500 per sq.ft in 2023. It has also seen a rise from Rs 1,800 per sq.ft in 2007 to the current value, representing an overall increase of 172%.

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

Amman Koil 1st Lane is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where is the Sub Registrar Office for Amman Koil 1st Lane located?

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