Guideline Value for Amman Koil Street Vettian Kulam

Amman Koil Street Vettian Kulam guideline value

The current guideline value of Amman Koil Street Vettian Kulam is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Amman Koil Street Vettian Kulam has changed

The guideline value for Amman Koil Street Vettian Kulam has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023, before reaching the current rate of Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 shows a substantial increase of 193%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is the same as the 2024 figure for Amman Koil Street Vettian Kulam.

• Amman Koil Street: Rs 880 per sq.ft (2024)
• Ambedhkar Nagar: Rs 880 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Arputham nagar: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,650 per sq.ft (2024)
• Bharathi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street Vettian Kulam

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Koil Street Vettian Kulam?

The Sub Registrar Office that covers Amman Koil Street Vettian Kulam is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pulikoradu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is reflected accurately in the official records.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Street Vettian Kulam?

The current guideline value of Amman Koil Street Vettian Kulam is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing an overall increase of 193% over the years.

What is the stamp duty rate for properties in Amman Koil Street Vettian Kulam?

The stamp duty rate for properties in Amman Koil Street Vettian Kulam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Amman Koil Street Vettian Kulam?

The Sub Registrar Office for Amman Koil Street Vettian Kulam is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Amman Koil Street Vettian Kulam?

Amman Koil Street Vettian Kulam is classified as Residential Class II Type - III, indicating its suitability for residential purposes.