Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village, under the Kunrathur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Amman Koil Street has changed

The guideline value for Amman Koil Street has seen several revisions over the years. In 2003, the value was Rs 188 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The value then rose significantly to Rs 1,900 per sq.ft in 2012, before dropping to Rs 1,273 per sq.ft in 2017. The 2023 revision marked an increase to Rs 1,900 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. Notably, the increase from 2007 to 2012 was a substantial 443%, while the rise from 2003 to 2007 was 86%. Overall, from 2003 to 2024, the guideline value has increased by 1012%. The register has no figure for this street in 2002.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median value of Rs 2,090 per sq.ft. Amman Koil Street's 2024 figure matches this median.

• Amman Nagar: Rs 2,090 per sq.ft (2024)
• Anandha Nagar: Rs 3,520 per sq.ft (2024)
• Ambal Nagar: Rs 3,520 per sq.ft (2024)
• A.D. Govindharaj Nagar: Rs 3,520 per sq.ft (2024)
• ArulMurugan Nagar: Rs 2,090 per sq.ft (2024)
• Audco Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,090 per sq.ft, the guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, totaling Rs 1,88,100. Duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Koil Street?

The Sub Registrar Office that covers Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Kattupakkam. It determines the minimum value at which property transactions are registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It is crucial to understand that the duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 188 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 1012% over this period.

What is the stamp duty for property in Amman Koil Street?

The stamp duty for property in Amman Koil Street 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?

The Sub Registrar Office for Amman Koil Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Amman Koil Street?

Amman Koil Street falls under the Residential Class I Type - I land classification.