Guideline Value for ANGALAMMAN KOIL STREET

Angalamman Koil Street guideline value

The current guideline value of Angalamman Koil Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Angalamman Koil Street has changed

The guideline value for Angalamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision increased the value back to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,110 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has risen by 11%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making Angalamman Koil Street's current value below that median.

• Angala Parameswari Nagar: Rs 1,320 per sq.ft (2024)
• Angel Nagar: Rs 1,320 per sq.ft (2024)
• Anjani Nagar: Rs 1,320 per sq.ft (2024)
• Anjani Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Anbalagar Nagar: Rs 1,320 per sq.ft (2024)
• Annai Garden: Rs 1,320 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 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, making the total cost for these fees Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Angalamman Koil Street?

The Sub Registrar Office that covers Angalamman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Pallikaranai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which must be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs involved in property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street?

The current guideline value of Angalamman Koil Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,110 per sq.ft in 2024.

What is the land classification for Angalamman Koil Street?

The land classification for Angalamman Koil Street is Residential Class IV Type - III.

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

The Sub Registrar Office for Angalamman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,10,000, the stamp duty at 7% would be Rs 77,700.