Guideline Value for AMMAN STREET

Amman Street guideline value

The current guideline value of Amman Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - II.

How the guideline value of Amman Street has changed

The guideline value of Amman Street has seen several revisions over the years. In 2002, the value was Rs 511 per sq.ft, which increased to Rs 561 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 900 per sq.ft, reflecting a significant increase of 60%. The 2012 revision saw no change, maintaining the value at Rs 4,000 per sq.ft, which remained the same until the 2023 revision. In 2023, the guideline value was set at Rs 4,000 per sq.ft, and then it increased by 10% to Rs 4,400 per sq.ft in 2024.

There is no figure available for the 2017 revision for Amman Street. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Amman Street's 2024 figure is below this median.

• Amman Koil Street: Rs 6,300 per sq.ft (2024)
• Ameerjohn Street: Rs 6,300 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)
• Andavar Nagar 4th Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Street?

The Sub Registrar Office that covers Amman 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 plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted fairly and transparently.

When registering a property, the buyer must pay the stamp duty and registration fees based on the higher value between the guideline value and the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Street?

The current guideline value of Amman Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 761% over the years.

What is the land classification for Amman Street?

Amman Street is classified as Residential Class IV Type - II, indicating its use for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers Amman Street?

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