Guideline Value for AMMAN KOIL STREET COLONY

Amman Koil Street Colony guideline value

The current guideline value of Amman Koil Street Colony is Rs 1,650 per sq.ft. This street is located in Thelliyaragaram village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amman Koil Street Colony has changed

The guideline value for Amman Koil Street Colony has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. As of the 2024 revision, the guideline value stands at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Thelliyaragaram

Thelliyaragaram village features 16 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 3,300 per sq.ft. The median value is Rs 1,210 per sq.ft, placing Amman Koil Street Colony's 2024 figure above this median.

• Ambethkar Street: Rs 770 per sq.ft (2024)
• Ambethkar Nagar Road: Rs 770 per sq.ft (2024)
• Das Avenue: Rs 1,650 per sq.ft (2024)
• Gangaiamman Koil Cross Street: Rs 1,100 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• G.S.R.Garden: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Koil Street Colony?

The Sub Registrar Office that covers Amman Koil Street Colony is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Thelliyaragaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the duty is charged on the sale price. 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 Colony?

The current guideline value of Amman Koil Street Colony is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the land classification for Amman Koil Street Colony?

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Amman Koil Street Colony is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Thelliyaragaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.