Guideline Value for Amman Koil Ist Cross Street

Amman Koil Ist Cross Street guideline value

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

How the guideline value of Amman Koil Ist Cross Street has changed

The guideline value for Amman Koil Ist Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from Rs 1,005 per sq.ft in 2017. The value remained at Rs 1,500 per sq.ft in 2012 until it increased to Rs 1,005 per sq.ft in 2017, marking a significant increase of 49% by 2023, where it was revised to Rs 1,500 per sq.ft.

In 2024, the guideline value was revised to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year’s value of Rs 1,500 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is the same as the 2024 figure for Amman Koil Ist Cross Street.

• Amman koil 2nd St: Rs 1,650 per sq.ft (2024)
• Amman Koil 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Amman koil 1st St: 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 Ist 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 would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Amman Koil Ist Cross Street?

The Sub Registrar Office that covers Amman Koil Ist Cross Street is 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 is a crucial factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Ist Cross Street?

The current guideline value of Amman Koil Ist 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 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing various changes over the years.

What is the land classification of Amman Koil Ist Cross Street?

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

Where can I find the registration office for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.