Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street in Padi village is Rs 2,800 per sq.ft, effective from 1 July 2024. This falls under the Villivakkam Sub Registrar Office (SRO) and is classified as Residential Class IV Type - III.

How the guideline value of Amman Koil Street has changed

The guideline value for Amman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,809 per sq.ft. The 2023 revision increased this to Rs 2,700 per sq.ft, and the latest 2024 revision has raised it to Rs 2,800 per sq.ft, marking a 4% increase from the previous year.

There are no figures available for the revisions from 2002, 2003, and 2007 for Amman Koil Street. Overall, the guideline value has seen a modest increase of 4% from the 2012 figure to the current 2024 rate.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. Amman Koil Street's current guideline value of Rs 2,800 per sq.ft is below this median.

• Akshaya Apartments (Park Road): Rs 9,700 per sq.ft (2024)
• Ajantha Flats (7th Avenue): Rs 13,100 per sq.ft (2024)
• ANNAI FLATS (Padi Kuppam Road): Rs 6,600 per sq.ft (2024)
• ANNA STREET (Back of Britannia): Rs 3,400 per sq.ft (2024)
• ANNA STREET (Padi Kuppam): Rs 2,200 per sq.ft (2024)
• Appadurai Chetty Street: Rs 2,500 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Koil Street?

Amman Koil Street falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Padi. It helps determine the stamp duty and registration fees that are applicable during the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs for completing the sale. Buyers and sellers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking a 4% increase. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What are the other streets in Padi with guideline values?

Other streets in Padi include Akshaya Apartments at Rs 9,700 per sq.ft, Ajantha Flats at Rs 13,100 per sq.ft, and ANNA FLATS at Rs 6,600 per sq.ft, among others.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Amman Koil Street?

The Villivakkam Sub Registrar Office handles registrations for Amman Koil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.