Guideline Value for ANGALAMMAN KOIL STREET (SOUTH SIDE STREETS)

Angalamman Koil Street (South Side Streets) guideline value

The current guideline value of Angalamman Koil Street (South Side Streets) 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 (South Side Streets) has changed

The guideline value for Angalamman Koil Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in 2012, marking a 178% rise. However, it saw a decrease to Rs 3,350 per sq.ft in the 2017 revision, a drop of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft following the 2024 revision, representing a 10% increase from the previous year.

It is important to note that the register has no figures for Angalamman Koil Street for the years 2002 and 2003. 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 is Rs 5,500 per sq.ft, which is equal to the current guideline value of Angalamman Koil Street (South Side Streets).

• Angalamman Koil Street (Slum Area): 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 (South Side Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total charges to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angalamman Koil Street (South Side Streets)?

The Sub Registrar Office that covers Angalamman Koil Street (South Side Streets) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering 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 through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value during negotiations and when finalizing the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street (South Side Streets)?

The current guideline value of Angalamman Koil Street (South Side Streets) 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 from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 206% over the years.

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

Other streets in Purasaivakkam with a guideline value of Rs 5,500 per sq.ft include Angalamman Koil Street (Slum Area), Angalamman Koil South Mada Street, Angalamman Koil Lane, and Anjaneya Swamy Koil Street.

What is the registration fee based on the guideline value?

The registration fee is calculated based on the guideline value, which is Rs 5,500 per sq.ft for Angalamman Koil Street (South Side Streets). The fee is typically 2% of the total guideline value.

Where can I find the Sub Registrar Office for Angalamman Koil Street?

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