Guideline Value for AMMAN KOIL STREET @ NAGATHAMMAN KOIL STREET (THANTHANKUPPAM)

Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) guideline value

The current guideline value of Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO, classified as Residential Class III Type - III.

How the guideline value of Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) has changed

Over the years, the guideline value for Amman Koil Street has seen several revisions. In 2012, the value was Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. The subsequent 2023 revision increased the value significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register shows no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Korattur

Korattur has a total of 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) below this median at Rs 1,600 per sq.ft.

• Anand Garden: Rs 1,600 per sq.ft (2024)
• Ananthalakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Ananthalakshmi Nagar Extension: Rs 1,600 per sq.ft (2024)
• Anbu Nagar: Rs 2,100 per sq.ft (2024)
• Andal Koil Street (Madanankuppam): Rs 1,600 per sq.ft (2024)
• Andal Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. 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 information.

Which Sub Registrar Office covers Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam)?

The Sub Registrar Office that covers Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam)?

The current guideline value of Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. The value also decreased from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017.

What is the median guideline value for streets in Korattur?

The median guideline value for the 617 streets in Korattur under the Villivakkam SRO is Rs 2,500 per sq.ft. Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam) is below this median with its current value of Rs 1,600 per sq.ft.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in this area?

The Villivakkam Sub Registrar Office handles registrations for properties in Amman Koil Street @ Nagathamman Koil Street (Thanthankuppam). It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.