Guideline Value for AMMAN KOIL SALAI

Amman Koil Salai guideline value

The current guideline value of Amman Koil Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Amman Koil Salai has changed

The guideline value for Amman Koil Salai has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in the 2023 revision. Notably, there was no change in the value from 2012 to 2023, where it remained at Rs 1,200 per sq.ft. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Prior to the 2012 revision, the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only available values are from 2012 onwards, with the 2024 value reflecting a 10% increase from the 2012 figure.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value across these streets is Rs 1,650 per sq.ft, placing Amman Koil Salai's current value below this median.

• Amsavalli Street (Somu Nagar): Rs 2,750 per sq.ft (2024)
• Ambethkar Nagar Nehru 3rd Street: Rs 1,110 per sq.ft (2024)
• Ambethkar Nagar Nehru 2nd Street: Rs 1,110 per sq.ft (2024)
• Ambethkar Nagar Nehru 1st Street: Rs 1,110 per sq.ft (2024)
• Ambethkar Nagar: Rs 1,650 per sq.ft (2024)
• Ambethkar Cross St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amman Koil Salai?

The Sub Registrar Office covering Amman Koil Salai is the Chennai South Joint I 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 Pallikaranai

The guideline value is a crucial factor when buying or selling property in Pallikaranai, as it determines the minimum price at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value, ensuring that the transaction is compliant with local regulations.

When selling property, the guideline value serves as a benchmark for both buyers and sellers, providing a reference point for negotiations. It is essential for both parties to understand this value to facilitate a transparent and fair transaction process.

Frequently asked questions

What is the current guideline value of Amman Koil Salai?

The current guideline value of Amman Koil Salai is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, where it remained at Rs 1,200 per sq.ft.

What is the land classification of Amman Koil Salai?

Amman Koil Salai is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Amman Koil Salai?

The Sub Registrar Office for Amman Koil Salai is 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 Amman Koil Salai?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400.