Guideline Value for ANGALAMMAN KOIL STREET

Angalamman Koil Street guideline value

The current guideline value of Angalamman Koil Street is Rs 126 per sq.ft. This street is located in Salavakkam village and falls under the Salavakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Angalamman Koil Street has changed

Over the years, the guideline value of Angalamman Koil Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 35 per sq.ft. This increased significantly to Rs 125 per sq.ft in 2012, marking a rise of 257%. However, the value then decreased to Rs 84 per sq.ft in 2017, which is a decline of 33%. The guideline value remained at Rs 126 per sq.ft in both the 2023 and 2024 revisions, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 50%, reaching Rs 126 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 260%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Angalamman Koil Street's 2024 figure below this median.

• Angala Parameshwari Nagar: Rs 101 per sq.ft (2024)
• Arunthathiyarpuram: Rs 126 per sq.ft (2024)
• Bazaar Street: Rs 200 per sq.ft (2024)
• Chandar Nagar Phase-4: Rs 150 per sq.ft (2024)
• Chandar Nagar Phase-I,II,III: Rs 150 per sq.ft (2024)
• Chetti Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, while the registration fee at 2% would be Rs 2,520, bringing the total fees together to Rs 11,340. Please 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 Street?

The Sub Registrar Office that covers Angalamman Koil Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Salavakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property. This ensures that the transaction is recorded accurately and complies with local regulations.

When a property is registered, the guideline value will be considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street?

The current guideline value of Angalamman Koil Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 126 per sq.ft in 2024, showing an overall increase of 260% over the years.

What is the land classification for Angalamman Koil Street?

Angalamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Angalamman Koil Street is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Salavakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,26,000 would incur a stamp duty of Rs 8,820 at 7%.