Guideline Value for ANGALAMMAN KOIL STREET (SLUM AREA)

Angalamman Koil Street (Slum Area) guideline value

The current guideline value of Angalamman Koil Street (Slum Area) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Angalamman Koil Street (Slum Area) has changed

The guideline value for Angalamman Koil Street has seen several revisions over the years. In 2007, the 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, the value dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The most recent revisions show a jump to Rs 5,000 per sq.ft in 2023, followed by another increase to Rs 5,500 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 206%. It is important to note that there are no figures available for this street in the 2002 and 2003 revisions.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, which is the same as the guideline value for Angalamman Koil Street (Slum Area).

• Angalamman Koil Street (South Side Streets): Rs 5,500 per sq.ft (2024)
• Angalamman Koil South Mada Street: Rs 5,500 per sq.ft (2024)
• Angalamman Koil Lane: 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 Street (Slum Area)

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, totaling Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angalamman Koil Street (Slum Area)?

The Sub Registrar Office that covers Angalamman Koil Street (Slum Area) 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 during the registration of property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street (Slum Area)?

The current guideline value of Angalamman Koil Street (Slum Area) 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 increased 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 the years.

What is the registration office for Angalamman Koil Street?

The registration office for Angalamman Koil Street (Slum Area) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Angalamman Koil Street?

Stamp duty for properties in Angalamman Koil Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at 7%.

What are the other streets with the same guideline value in Purasaivakkam?

Several other streets in Purasaivakkam also have a guideline value of Rs 5,500 per sq.ft in 2024, including Angalamman Koil Street (South Side Streets), Angalamman Koil South Mada Street, Angalamman Koil Lane, and Anjaneya Swamy Koil Street.