Guideline Value for Amman Koil Street Extn.

Amman Koil Street Extn. guideline value

The current guideline value of Amman Koil Street Extn. is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Amman Koil Street Extn. has changed

The guideline value for Amman Koil Street Extn. has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023 and has now reached Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing Amman Koil Street Extn.'s 2024 value below this median.

• Amman Koil Street: Rs 2,970 per sq.ft (2024)
• Anandhanilayam Street(Sundarajarajan St): Rs 2,970 per sq.ft (2024)
• Ambal Nagar: Rs 2,970 per sq.ft (2024)
• A.K. Nagar(Postal Avenue): Rs 3,850 per sq.ft (2024)
• A.G. Colony Extn.: Rs 2,420 per sq.ft (2024)
• Anna Nagar Main Road: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street Extn.

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, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amman Koil Street Extn.?

The Sub Registrar Office that covers Amman Koil Street Extn. is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Hastinapuram. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is used to calculate the necessary fees, which are essential for the legal transfer of property ownership. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amman Koil Street Extn.?

The current guideline value of Amman Koil Street Extn. 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 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Amman Koil Street Extn.?

The Pallavaram Sub Registrar Office handles registrations for Amman Koil Street Extn., located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions, ensuring compliance with local regulations and accurate fee assessment.