Guideline Value for AmmaiyarKuttai Street

AmmaiyarKuttai Street guideline value

The current guideline value of AmmaiyarKuttai Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kanthoor village under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of AmmaiyarKuttai Street has changed

Over the years, the guideline value of AmmaiyarKuttai Street has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, unchanged from the 2023 revision. Prior to this, the 2017 revision set the value at Rs 100 per sq.ft, reflecting a 50% increase by 2023.

Looking back further, the 2012 revision also had a guideline value of Rs 150 per sq.ft, which represented a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. The guideline value of AmmaiyarKuttai Street is below this median.

• Bajanai Kovil Cross Street: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 181 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in AmmaiyarKuttai Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AmmaiyarKuttai Street?

The Sub Registrar Office that covers AmmaiyarKuttai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved in the transaction. This ensures that both buyers and sellers are informed about the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of AmmaiyarKuttai Street?

The current guideline value of AmmaiyarKuttai Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 100 per sq.ft in 2017 to 2023.

What is the land classification for AmmaiyarKuttai Street?

AmmaiyarKuttai Street is classified as Residential Class III Type - I.

Where can I find the registration office for AmmaiyarKuttai Street?

The registration office for AmmaiyarKuttai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kanthoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.