Guideline Value for AMMAN KOVIL STREET WARD-10

Amman Kovil Street Ward-10 guideline value

The current guideline value of Amman Kovil Street Ward-10 is Rs 200 per sq.ft. This street is located in West_komaralingam village, under the Kaniyur SRO, and falls under Residential Class III Type - V land classification.

How the guideline value of Amman Kovil Street Ward-10 has changed

Since the 2003 revision, the guideline value for Amman Kovil Street Ward-10 has experienced significant changes. In 2003, the value was Rs 33 per sq.ft, which increased to Rs 40 per sq.ft in 2007, then to Rs 160 per sq.ft in 2012. Following that, the value decreased to Rs 107 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the same value has been set for the 2024 revision effective from 1 July 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 87%. Notably, the jump from 2007 to 2012 saw a 300% increase. Overall, from 2003 to 2024, there has been a substantial increase of 506% in the guideline value.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Amman Kovil Street Ward-10's 2024 figure is equal to this median.

• Amman Kovil Street Ward-15: Rs 200 per sq.ft (2024)
• Annanagar Ward-12: Rs 200 per sq.ft (2024)
• Anna Street Ward-15: Rs 200 per sq.ft (2024)
• Arunachalam Street Ward-15: Rs 200 per sq.ft (2024)
• Bharathiyar Street Ward-13: Rs 200 per sq.ft (2024)
• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Kovil Street Ward-10

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 Kovil Street Ward-10?

The Sub Registrar Office that covers Amman Kovil Street Ward-10 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in West_komaralingam. It serves as the baseline for calculating stamp duty and registration fees, which are mandatory during the property registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, facilitating transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Amman Kovil Street Ward-10?

The current guideline value of Amman Kovil Street Ward-10 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 33 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, representing an overall increase of 506% over this period.

What are the registration fees for properties in Amman Kovil Street Ward-10?

The registration fees for properties in Amman Kovil Street Ward-10 include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for this area?

The Kaniyur Sub Registrar Office handles property registrations for Amman Kovil Street Ward-10, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Triupur District - 642 203.

Are there other streets with the same guideline value?

Yes, other streets in West_komaralingam also have a guideline value of Rs 200 per sq.ft in 2024, including Amman Kovil Street Ward-15, Annanagar Ward-12, and others.