Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Amman Koil Street has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 335 per sq.ft, marking a -33% change. The value increased to Rs 500 per sq.ft again in the 2023 revision, followed by a rise to Rs 550 per sq.ft in the 2024 revision, reflecting a +10% change.

From 2017 to 2023, the guideline value increased significantly by +49%. Overall, from 2012 to 2024, there has been a +10% change in the guideline value for Amman Koil Street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, positioning Amman Koil Street's 2024 figure below that median.

• Akshaya Homes: Rs 2,750 per sq.ft (2024)
• Anna Nagar Mettu Street: Rs 550 per sq.ft (2024)
• Anna Nagar (Tkr): Rs 550 per sq.ft (2024)
• Balaji Gardens: Rs 660 per sq.ft (2024)
• Bharathiyar Street: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. Duty is charged on the higher of the guideline value or 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 covering Amman Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Thirukkachur - 1

The guideline value plays a crucial role during property registration in Thirukkachur - 1. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the state receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value for streets in Thirukkachur - 1?

The median guideline value for streets in Thirukkachur - 1 is Rs 660 per sq.ft, with Amman Koil Street's 2024 value being below this median.

What are the stamp duty rates for properties in Amman Koil Street?

The stamp duty rate for properties in Amman Koil Street is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Amman Koil Street?

The Sub Registrar Office for Amman Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.