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 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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

The guideline value for Amman Koil Street has undergone several revisions over the years. The earliest available figure is from 2012, which was set at Rs 500 per sq.ft. In 2017, this value decreased to Rs 335 per sq.ft, marking a decline of 33%. However, in 2023, the guideline value increased to Rs 500 per sq.ft, and then further rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets 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 661 per sq.ft (2024)
• Andal Street(Per): Rs 661 per sq.ft (2024)
• Anganur Street: Rs 661 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 550 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. 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 detailed calculations.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Peramanoor. It is used as a basis for calculating the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the government receives revenue based on the established guideline values for different areas.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. The registration office will refer to the guideline value to assess the appropriate charges, ensuring that all transactions are compliant with local regulations.

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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the value decreasing to Rs 335 per sq.ft in 2017 and then increasing to Rs 550 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class II Type - II. This classification affects the guideline value and property usage in the area.

What are the registration fees for property transactions in Amman Koil Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. Fees are based on the higher of the guideline value or the sale price.

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.