Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village, under the Kunrathur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Amman Koil Street has changed

The guideline value for Amman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 186%. However, it then decreased to Rs 335 per sq.ft in 2017, a reduction of 33%. The value further increased to Rs 500 per sq.ft in 2023, and finally rose to Rs 550 per sq.ft in 2024, reflecting a change of 10% from the previous year.

It is important to note that the register has no figures for Amman Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, indicating that Amman Koil Street's 2024 figure is below this median.

• Annai Nagar: Rs 550 per sq.ft (2024)
• Aravind Nagar: Rs 660 per sq.ft (2024)
• Aravind Nagar Annexe: Rs 880 per sq.ft (2024)
• Aravind Nagar Extension: Rs 660 per sq.ft (2024)
• Avadi Paruthippattu Road: Rs 660 per sq.ft (2024)
• AzhagarSwamy Nager: Rs 660 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the 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 details.

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

The guideline value is a crucial factor when registering property transactions in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 175 per sq.ft in 2007, increasing to Rs 550 per sq.ft in 2024, which reflects an overall increase of 214% since 2007.

What is the land classification for Amman Koil Street?

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

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft results in a total guideline value of Rs 5,50,000, leading to specific fees based on that value.