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 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

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

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, reflecting a decrease of 33%. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and further rose to Rs 881 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Amman Koil Street (Ward-20) above this median with its current value of Rs 881 per sq.ft.

• Ambedkar Street (Ward -20): Rs 881 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 881 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 rate of Rs 881 per sq.ft, the guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, totaling Rs 79,290. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a crucial factor during property registration in Thailavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair basis for transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

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 881 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 881 per sq.ft in 2024.

What is the land classification of Amman Koil Street (Ward-20)?

Amman Koil Street (Ward-20) is classified as Residential Class I Type - II, which indicates its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 8,81,000, the total fees would amount to Rs 79,290.

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

The Chengleput Joint II Sub Registrar Office covers Amman Koil Street (Ward-20) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.