Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - III.

How the guideline value of Amman Koil Street has changed

Over the years, the guideline value of Amman Koil Street has seen significant changes. In the 2002 revision, the value was Rs 805 per sq.ft. This increased to Rs 884 per sq.ft in 2003, marking a rise of 10%. The 2007 revision saw a substantial jump to Rs 1,400 per sq.ft, an increase of 58%. Following this, the 2012 revision brought the value to Rs 5,800 per sq.ft, a remarkable increase of 314%. However, in the 2017 revision, the value decreased to Rs 3,886 per sq.ft, a drop of 33%. The guideline value then rose to Rs 5,800 per sq.ft in 2023, and finally, it reached Rs 6,300 per sq.ft in the 2024 revision, reflecting a growth of 9% from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 683%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Amman Koil Street's 2024 figure above this median.

• Amman Street: Rs 4,400 per sq.ft (2024)
• Ameerjohn Street: Rs 6,300 per sq.ft (2024)
• Amara Babu Street: Rs 4,400 per sq.ft (2024)
• Andavar Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Andavar Nagar 3rd Street: Rs 6,300 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 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees together to Rs 5,67,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, 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 Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. The guideline value is assessed by the Registration Department and is updated periodically to reflect changes in the real estate market.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, while also providing a transparent framework for property valuation.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 805 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 683% over this period.

What is the land classification for Amman Koil Street?

The land classification for Amman Koil Street is Residential Special Type - III.

What are the stamp duty and registration fees for a property in Amman Koil Street?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which office handles registrations for Amman Koil Street?

The Kodambakkam Sub Registrar Office handles registrations for Amman Koil Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.