Guideline Value for Adi Ammal Thottam

Adi Ammal Thottam guideline value

The current guideline value of Adi Ammal Thottam is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adi Ammal Thottam has changed

The guideline value for Adi Ammal Thottam has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking a significant rise of 150%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 61% from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Adi Ammal Thottam is below this median.

• Agasthiar Street: Rs 2,700 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 2,700 per sq.ft (2024)
• Abirami Nagar: Rs 2,700 per sq.ft (2024)
• Aadhinath Nagar: Rs 2,700 per sq.ft (2024)
• Aadhi Lakshmi Nagar Extension: Rs 2,700 per sq.ft (2024)
• Aadhi Lakshmi Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Ammal Thottam

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Adi Ammal Thottam?

The Sub Registrar Office that covers Adi Ammal Thottam is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kolathur. It is used to determine the stamp duty and registration fees payable when a property is sold or purchased. The guideline value is set by the government and reflects the minimum price at which properties can be registered.

When buyers and sellers agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adi Ammal Thottam?

The current guideline value of Adi Ammal Thottam is Rs 2,700 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 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 170% over the years.

What are the stamp duty and registration fees for property in Adi Ammal Thottam?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registration for Adi Ammal Thottam?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registration for Adi Ammal Thottam.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that the correct revenue is collected by the government based on the higher of the sale price or the guideline value.