Guideline Value for AMMAN KOIL STREET (WARD-20)

Amman Koil Street (Ward-20) guideline value

The current guideline value of Amman Koil Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Amman Koil Street (Ward-20) has changed

The guideline value for Amman Koil Street has undergone several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 800 per sq.ft. The latest revision in 2024 sees the guideline value at Rs 880 per sq.ft, marking a 10% increase from the previous year’s Rs 800 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. Amman Koil Street's current guideline value of Rs 880 per sq.ft is above this median.

• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)
• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, making the total cost for these charges Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Koil Street (Ward-20)?

The Sub Registrar Office that covers Amman Koil Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Amman Koil Street (Ward-20)?

The current guideline value of Amman Koil Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the other streets in Konathi with their guideline values?

Other streets in Konathi include Ambedkar Street (Ward -20) and Annai Therasha Street (Ward-20), both at Rs 880 per sq.ft, while streets like Ambedkar Street (Ward -1), Ambedkar Street Thailavaram (Ward-21), and Annai Indra Street (Ward-21) have lower values.

What is the stamp duty for property in Amman Koil Street (Ward-20)?

The stamp duty for property in Amman Koil Street (Ward-20) is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.

Where can I find the Sub Registrar Office for Amman Koil Street (Ward-20)?

The Sub Registrar Office for Amman Koil Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.