Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village and falls under the Selaiyur 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 undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This value remained unchanged until 2017, when it dropped to Rs 804 per sq.ft. In 2023, it increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, comparing the figures from 2012 to 2024, there has been an 8% increase in the guideline value.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with the median value being Rs 2,100 per sq.ft. Amman Koil Street's 2024 figure is below this median.

• Annai Indra Street: Rs 2,100 per sq.ft (2024)
• Akshayam Roheline: Rs 3,500 per sq.ft (2024)
• Agni Avenue: Rs 1,650 per sq.ft (2024)
• Aditya Nagar: Rs 4,100 per sq.ft (2024)
• Arasankazhani - Nookampalayam Road: Rs 2,100 per sq.ft (2024)
• Bagathsingh Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price. You can also use the 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Arasankalani. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is bought or sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are paid. This process helps maintain transparency 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 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an 8% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class III Type - I. This classification is important for understanding the types of properties that can be developed in the area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000.