Guideline Value for AMMAYI AMMAL STREET

Ammayi Ammal Street guideline value

The current guideline value of Ammayi Ammal Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Ammayi Ammal Street has changed

The guideline value for Ammayi Ammal Street has seen significant changes over the years. In the 2002 revision, the value was Rs 340 per sq.ft, which increased to Rs 373 per sq.ft in 2003. By 2007, the value had risen to Rs 600 per sq.ft, marking a substantial increase of 61%. The 2012 revision saw the value jump to Rs 3,500 per sq.ft, reflecting an increase of 483%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The 2023 revision brought the value back up to Rs 3,500 per sq.ft, followed by the current value of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1018%. There are no figures available for the revisions in years other than those listed.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Ammayi Ammal Street's 2024 figure above this median.

• Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Amman Koil 2nd Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil 1st Lane: Rs 2,700 per sq.ft (2024)
• Ammaiyi Ammal Lane: Rs 3,800 per sq.ft (2024)
• Anantham Samajyam Street: Rs 4,300 per sq.ft (2024)
• Anantha Velu 1st Cross Street: Rs 6,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ammayi Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that 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 Ammayi Ammal Street?

The Sub Registrar Office that covers Ammayi Ammal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Perambur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ammayi Ammal Street?

The current guideline value of Ammayi Ammal Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 340 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 1018% over the years.

What is the land classification of Ammayi Ammal Street?

Ammayi Ammal Street falls under the Residential Class II Type - II land classification.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,42,000 based on the current guideline value of Rs 3,800 per sq.ft.

Where is the Sub Registrar Office for Ammayi Ammal Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.