Guideline Value for Amman Koil Street, Chennai 82

Amman Koil Street, Chennai 82 guideline value

The current guideline value of Amman Koil Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Amman Koil Street, Chennai 82 has changed

Over the years, the guideline value of Amman Koil Street has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, indicating a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Amman Koil Street's current value below that median.

• Anandan Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ananda Vinayagar koil street & 1st, 2nd street: Rs 4,400 per sq.ft (2024)
• Ananda Vinayakar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ambedkar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anjugam Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Annai Anjugam Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Koil Street, Chennai 82?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as the benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that the guideline value can differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

When registering a property, it is essential to ensure that the guideline value is correctly reflected in the documentation. This ensures compliance with local regulations and helps avoid any legal complications during the transaction.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street, Chennai 82 is Rs 4,400 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 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

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

For a 1,000 sq.ft property, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for Amman Koil Street?

The AnnaNagar Sub Registrar Office is responsible for Amman Koil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Amman Koil Street?

The land classification for Amman Koil Street is Residential Class II Type - I, indicating its designation for residential use.