Guideline Value for Amman Koil 2nd Cross Street

Amman Koil 2nd Cross Street guideline value

The current guideline value for Amman Koil 2nd Cross Street in Peerklankaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Amman Koil 2nd Cross Street has changed

Over the years, the guideline value for Amman Koil 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, before the current 2024 revision raised it to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 to 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% increase.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Amman Koil 2nd Cross Street.

• Amman koil 1st St: Rs 1,650 per sq.ft (2024)
• Amman koil 2nd St: Rs 1,650 per sq.ft (2024)
• Amman Koil Ist Cross Street: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Amudham Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Amudham Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Amman Koil 2nd Cross Street?

The Amman Koil 2nd Cross Street is covered by the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is used to determine the legal value of the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to accurately calculate the fees associated with the property transfer.

Frequently asked questions

What is the current guideline value for Amman Koil 2nd Cross Street?

The current guideline value for Amman Koil 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various increases and decreases in between.

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

Other streets in Peerklankaranai with the same 2024 guideline value of Rs 1,650 per sq.ft include Amman koil 1st St, Amman koil 2nd St, Amman Koil Ist Cross Street, and Amman Koil Street.

What is the registration fee for a property in Amman Koil 2nd Cross Street?

The registration fee for a property is calculated at 2% of the guideline value. For a property valued at Rs 16,50,000, the registration fee would be Rs 33,000.

Where can I find the Sub Registrar Office for Amman Koil 2nd Cross Street?

The Sub Registrar Office for Amman Koil 2nd Cross Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.