Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Amman Koil Street has changed

The guideline value of Amman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012, marking a growth of 333%. However, from 2012 to 2017, the value decreased to Rs 1,742 per sq.ft, a decline of 33%. The value then rose substantially to Rs 2,600 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 2,860 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 377%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,970 per sq.ft, placing Amman Koil Street's 2024 figure below the median.

• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Air India Colony: Rs 2,860 per sq.ft (2024)
• A.G.S.Colony: Rs 2,530 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 per sq.ft (2024)
• Agathiswaran Koil Street: Rs 2,530 per sq.ft (2024)
• Annai Velankanni 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 guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200. Together, the total cost would be Rs 2,57,400. Please 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 further assistance.

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 Mogalivakkam

The guideline value is a crucial factor in property transactions in Mogalivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the actual sale price or the guideline value is considered, and the higher of the two is used to compute the associated fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 377% over the years.

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 sale price, whichever is higher. For a plot valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200.

Where is the Kunrathur Sub Registrar Office located?

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

What is the median guideline value in Mogalivakkam?

The median guideline value in Mogalivakkam is Rs 2,970 per sq.ft, with Amman Koil Street's value being below this median at Rs 2,860 per sq.ft.