Guideline Value for Amman Koil Street

Amman Koil Street guideline value

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

How the guideline value of Amman Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 938 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,400 per sq.ft in the 2023 revision, followed by another increase to Rs 1,550 per sq.ft in the 2024 revision, which is an 11% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, the guideline value has increased by 11%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram village, there are 105 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,550 per sq.ft, which is equal to the current guideline value of Amman Koil Street.

• Angalaparameswari Nagar 1st Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar 2nd Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar 3rd Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar Cross Street: Rs 1,550 per sq.ft (2024)
• Angalaparameswari Nagar Main Road: Rs 1,550 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,550 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 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty, charged at 7%, would amount to Rs 1,08,500, while the registration fee at 2% would be Rs 31,000. Together, the total charges would be Rs 1,39,500. It is important to note that 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 information.

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 further assistance.

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

The guideline value is a crucial factor during property registration in Thirunageswaram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their 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 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 1,400 per sq.ft in 2012, dropping to Rs 938 per sq.ft in 2017, and then rising to Rs 1,400 per sq.ft in 2023, finally reaching Rs 1,550 per sq.ft in 2024.

What is the median guideline value in Thirunageswaram?

The median guideline value in Thirunageswaram village is Rs 1,550 per sq.ft, which is the same as the current guideline value of Amman Koil Street.

What are the stamp duty rates for properties in Amman Koil Street?

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

Where is the Kunrathur Sub Registrar Office located?

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