Guideline Value for Amman Koil Street (Vanuvampet)

Amman Koil Street (Vanuvampet) guideline value

The current guideline value of Amman Koil Street (Vanuvampet) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Amman Koil Street (Vanuvampet) has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,500 per sq.ft in 2023. The latest revision in 2024 has further raised the guideline value to Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that there are no recorded figures for Amman Koil Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is the same as the current guideline value for Amman Koil Street (Vanuvampet).

• Amman Koil Street Lane: Rs 3,900 per sq.ft (2024)
• Andal Nagar - All streets: Rs 3,900 per sq.ft (2024)
• Andal Nagar Extension: Rs 3,900 per sq.ft (2024)
• Amaravathi Street: Rs 3,900 per sq.ft (2024)
• Alikan Street: Rs 3,900 per sq.ft (2024)
• Agathiyar Street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 detailed calculations.

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

The Sub Registrar Office that covers Amman Koil Street (Vanuvampet) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Adambakkam, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark for pricing, helping both parties in the transaction to understand the value of the property being exchanged.

Frequently asked questions

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

The current guideline value of Amman Koil Street (Vanuvampet) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Amman Koil Street (Vanuvampet)?

The land classification for Amman Koil Street (Vanuvampet) is Residential Class I Type - III.

What is the registration office for Amman Koil Street (Vanuvampet)?

The registration office for Amman Koil Street (Vanuvampet) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Amman Koil Street (Vanuvampet)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.