Guideline Value for AMMAN KOIL STREET (WARD -15)

Amman Koil Street (Ward -15) guideline value

The current guideline value of Amman Koil Street (Ward -15) is Rs 440 per sq.ft. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Amman Koil Street (Ward -15) has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure changed to Rs 268 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 400 per sq.ft. The latest revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Amman Koil Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Amman Koil Street's 2024 figure below that median.

• Ambikapathi Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 660 per sq.ft (2024)
• Andal Street(Per): Rs 440 per sq.ft (2024)
• Anganur Street: Rs 660 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Amman Koil Street (Ward -15)?

The Sub Registrar Office that covers Amman Koil Street (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government collects the appropriate taxes based on the property's assessed value, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Amman Koil Street (Ward -15)?

The current guideline value of Amman Koil Street (Ward -15) is Rs 440 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 400 in 2012 to Rs 268 in 2017, then back to Rs 400 in 2023, and finally reaching Rs 440 in 2024. This reflects a significant increase from 2017 to 2023 and a steady rise overall since 2012.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft. Amman Koil Street's current value is below this median.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amman Koil Street located?

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