Guideline Value for Amman Koil Lane

Amman Koil Lane guideline value

The current guideline value of Amman Koil Lane is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Kathivakkam village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Amman Koil Lane has changed

Over the years, the guideline value of Amman Koil Lane has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 200 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 402 per sq.ft in 2017, reflecting a decline of 33%. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, maintaining the same figure in 2024, resulting in a 149% increase from the previous revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value in this area is Rs 1,001 per sq.ft, indicating that Amman Koil Lane's 2024 guideline value is slightly below the median.

• Ammaiappan Nagar: Rs 1,001 per sq.ft (2024)
• Anna Nagar/street/Cross: Rs 1,001 per sq.ft (2024)
• Badrakaliamman Koil: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street/Cross Street: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Chinnakuppam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. 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 details.

Which Sub Registrar Office covers Amman Koil Lane?

The Sub Registrar Office that covers Amman Koil Lane is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kathivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures transparency and standardization in property transactions. It helps in assessing the value of the property for taxation purposes and ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Lane?

The current guideline value of Amman Koil Lane is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking a significant increase of 400% over the years.

What are the other streets in Kathivakkam with their guideline values?

Other streets in Kathivakkam include Ammaiappan Nagar, Anna Nagar/street/Cross, Badrakaliamman Koil, Bajanai Koil Street/Cross Street, Cauvery Nagar, and Chinnakuppam, with guideline values ranging from Rs 1,000 to Rs 1,100 per sq.ft in 2024.

What fees are associated with buying property in Amman Koil Lane?

When buying property in Amman Koil Lane, buyers should be aware of the stamp duty at 7% and the registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Amman Koil Lane?

The Thiruvottiyur Sub Registrar Office, which covers Amman Koil Lane, is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.