Guideline Value for Amman Koil Street (Saidapettai Salai)

Amman Koil Street (Saidapettai Salai) guideline value

The current guideline value of Amman Koil Street (Saidapettai Salai) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class III Type - I.

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

Over the years, the guideline value of Amman Koil Street has seen several revisions. The 2007 revision set the value at Rs 3,170 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. This was followed by a decrease to Rs 3,350 per sq.ft in 2017. The value then rose significantly to Rs 5,000 per sq.ft in 2023 and reached the current rate of Rs 5,500 per sq.ft in 2024. It is important to note that the register has no figure for this street for the years 2002 and 2003.

In terms of changes, the guideline value increased by 58% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. A significant increase of 49% occurred from 2017 to 2023, and a further increase of 10% was noted from 2023 to 2024. Overall, from 2007 to 2024, there has been a cumulative increase of 74% in the guideline value.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Amman Koil Street's current guideline value above this median.

• Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Anbalagan Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Salai: Rs 8,800 per sq.ft (2024)
• Ambal Nagar: Rs 4,100 per sq.ft (2024)
• Andiyappan Naicken Street: Rs 4,900 per sq.ft (2024)
• Angalamman Koil Street: Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is essential 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 Street (Saidapettai Salai)?

The Sub Registrar Office that covers Amman Koil Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a value that reflects the current market conditions. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street (Saidapettai Salai) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,170 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 74% over the years.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Amman Koil Street's current value being above this median.

What are the stamp duty and registration fees for Amman Koil Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 55,00,000, with stamp duty at Rs 3,85,000 and registration fees at Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Amman Koil Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.