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, effective from 1 July 2024. This street is located in Sattamangalam 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

Over the years, the guideline value of Amman Koil Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rose significantly to Rs 400 per sq.ft in the 2023 revision, and then further increased by 10% to Rs 440 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that Amman Koil Street's current value is below this 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and 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 -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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When buying or selling property, it's essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that they are informed about 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 -15)?

The current guideline value of Amman Koil Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Amman Koil Street?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Amman Koil Street?

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

What are the stamp duty and registration fees for property 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.

Which office handles registrations for Amman Koil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Amman Koil Street (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.