Guideline Value for ANGALAMMAN KOIL SOUTH MADA STREET

Angalamman Koil South Mada Street guideline value

The current guideline value of Angalamman Koil South Mada Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Angalamman Koil South Mada Street has changed

Over the years, the guideline value of Angalamman Koil South Mada Street has seen several revisions. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 178%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 sees the guideline value set at Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures available for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 206%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value among these streets is Rs 5,500 per sq.ft, which is equal to the guideline value of Angalamman Koil South Mada Street.

• Angalamman Koil Lane: Rs 5,500 per sq.ft (2024)
• Angalamman Koil Street (Slum Area): Rs 5,500 per sq.ft (2024)
• Angalamman Koil Street (South Side Streets): Rs 5,500 per sq.ft (2024)
• Anjaneya Swamy Koil Street: Rs 5,500 per sq.ft (2024)
• Anantha Vinayagar Koil Street: Rs 4,900 per sq.ft (2024)
• Amman Koil Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Koil South Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total costs together to Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angalamman Koil South Mada Street?

The Sub Registrar Office that covers Angalamman Koil South Mada 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 Purasaivakkam

The guideline value plays a crucial role in the registration process of property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Angalamman Koil South Mada Street?

The current guideline value of Angalamman Koil South Mada Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 206% over this period.

What is the land classification for Angalamman Koil South Mada Street?

Angalamman Koil South Mada Street is classified as Residential Class III Type - I.

Where can I find the Purasaivakkam Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the total stamp duty and registration fees would amount to Rs 4,95,000.