Guideline Value for Amman Koil Street Lane

Amman Koil Street Lane guideline value

The current guideline value of Amman Koil Street Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Amman Koil Street Lane has changed

The guideline value for Amman Koil Street Lane has seen significant changes over the years. In 2002, the value was Rs 208 per sq.ft, which increased to Rs 237 per sq.ft in 2003, marking a 14% rise. The value then jumped to Rs 900 per sq.ft in 2007, reflecting a substantial increase of 280%. By 2012, the guideline value was Rs 3,500 per sq.ft, which was a 289% increase from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 2,345 per sq.ft. The guideline value rose again to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,900 per sq.ft, an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,775%. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Amman Koil Street Lane.

• Amman Koil Street (Vanuvampet): 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 Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling 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 details.

Which Sub Registrar Office covers Amman Koil Street Lane?

The Sub Registrar Office that covers Amman Koil Street Lane 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 plays a crucial role in the registration process of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it influences the overall cost of the transaction. Buyers should consider this value when negotiating the sale price to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Amman Koil Street Lane?

The current guideline value of Amman Koil Street Lane 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 significantly from Rs 208 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1,775%.

What is the registration office for Amman Koil Street Lane?

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

How is stamp duty calculated for properties in Adambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at a rate of 7%.

What are the other streets in Adambakkam with the same guideline value?

Several other streets in Adambakkam have the same guideline value of Rs 3,900 per sq.ft as Amman Koil Street Lane, including Amman Koil Street (Vanuvampet), Andal Nagar, and Amaravathi Street, among others.