Guideline Value for Amman Koil Street (Kondithope)

Amman Koil Street (Kondithope) guideline value

The current guideline value of Amman Koil Street (Kondithope) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Special Type - I.

How the guideline value of Amman Koil Street (Kondithope) has changed

The guideline value for Amman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a 175% increase. However, by 2017, it decreased to Rs 3,685 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 6,000 per sq.ft, showing a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the 2024 figure for Amman Koil Street (Kondithope) above that median.

• Amman Koil Street (Sowcarpet): Rs 6,000 per sq.ft (2024)
• Amman Koil Street (Central Railway Station): Rs 5,500 per sq.ft (2024)
• Amman Koil Lane: Rs 4,900 per sq.ft (2024)
• Amman Pakoda Street: Rs 4,900 per sq.ft (2024)
• Anaikara Godown Street: Rs 4,400 per sq.ft (2024)
• Amberson Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street (Kondithope)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that 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 information.

Which Sub Registrar Office covers Amman Koil Street (Kondithope)?

The Sub Registrar Office that covers Amman Koil Street (Kondithope) is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Amman Koil Street (Kondithope)?

The current guideline value of Amman Koil Street (Kondithope) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, with various increases and decreases in between, including a 200% overall increase since 2007.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, with Amman Koil Street (Kondithope) having a guideline value above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Where can I find the Sub Registrar Office for Amman Koil Street (Kondithope)?

The Sowcarpet Sub Registrar Office, which covers Amman Koil Street (Kondithope), is located at No.11, Davidson Street, Sowcarpet, Chennai-01.