Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,980 per sq.ft. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

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 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 1,800 per sq.ft, and most recently, the 2024 revision set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Amman Koil Street is below this median.

• A.N. Elumalai Salai: Rs 3,300 per sq.ft (2024)
• Agraharam Mettu Street: Rs 1,980 per sq.ft (2024)
• Ashok Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Ashok Brindavan Nagarextn.,: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Koil Street?

The Sub Registrar Office that covers Amman Koil Street 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. You can find your SRO here.

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

The guideline value plays a crucial role during property transactions in Iyyappanthangal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to consider the guideline value as it ensures compliance with local regulations. Buyers should be aware that the guideline value can vary significantly across different streets within the same village, impacting the overall cost of property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the other streets in Iyyappanthangal with their guideline values?

Other streets in Iyyappanthangal include A.N. Elumalai Salai at Rs 3,300 per sq.ft, Agraharam Mettu Street at Rs 1,980 per sq.ft, and several streets in Ashok Brindavan Nagar at Rs 3,300 per sq.ft.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is typically 7% of the guideline value or the sale price, whichever is higher. This is applicable to property transactions in the area.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the official website and using the provided link to locate the relevant office for your area.