Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Amman Koil Street has changed

The guideline value for Amman Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in 2023, reflecting a change of +7%. Looking further back, the value was Rs 469 per sq.ft in 2017, marking a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by +60%.

It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2012 for Amman Koil Street. This means that the last recorded values prior to 2017 were not available for these years.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is the same as the guideline value for Amman Koil Street.

• Amman Nagar: Rs 440 per sq.ft (2024)
• Ambigapuram & Streets: Rs 750 per sq.ft (2024)
• Amutha Avenue: Rs 750 per sq.ft (2024)
• Ambigapuram: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar & streets: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar / R.S. Ambigai Amman: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Koil Street?

The Sub Registrar Office that covers Amman Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a critical factor during the registration of property transactions in Thiruninravur-A. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers and sellers must ensure that the transaction adheres to the guideline value set by the local authorities. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of +60% over this period.

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

For a 1,000 sq.ft property, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which authority manages the guideline values in Thiruninravur-A?

The guideline values in Thiruninravur-A are managed by the Registration Department, specifically through the Avadi Sub Registrar Office.

Are there other streets with similar guideline values in Thiruninravur-A?

Yes, several other streets in Thiruninravur-A also have a guideline value of Rs 750 per sq.ft, including Ambigapuram & Streets, Amutha Avenue, and others.