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 Vallancheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

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

Over the years, the guideline value for Amman Koil Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it to Rs 880 per sq.ft. The register does not have figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, between 2017 and 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. Amman Koil Street's 2024 figure 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 is charged at 7%, totaling Rs 61,600, and the registration fee is charged at 2%, totaling Rs 17,600. Together, the total cost for stamp duty and registration fee would be Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Vallancheri

The guideline value plays a crucial role in the registration process of property transactions in Vallancheri. It serves as a benchmark for determining 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 helps in assessing the fair value of the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction.

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 is the land classification of Amman Koil Street?

Amman Koil Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Amman Koil Street?

For a property valued at Rs 8,80,000, the stamp duty is Rs 61,600 and the registration fee is Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Amman Koil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Amman Koil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.