Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,540 per sq.ft. It is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I 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. The 2012 revision set the value at Rs 1,400 per sq.ft, which was later reduced to Rs 938 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, and the most recent 2024 revision has further raised it to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed as follows: from Rs 1,400 in 2012 to Rs 938 in 2017 (a decrease of 33%), then up to Rs 1,400 in 2023 (an increase of 49%), and finally to Rs 1,540 in 2024 (a 10% increase). The revisions for the years 2002, 2003, and 2007 do not have registered figures for this street.

Guideline values in Thiruverkadu

In Thiruverkadu village, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the current guideline value for Amman Koil Street.

• Amethyst Haven By Urban Tree: Rs 3,520 per sq.ft (2024)
• Anandham Nagar: Rs 1,430 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Andal Nagar Andavar Nagar: Rs 1,540 per sq.ft (2024)
• Annai Abirami Nagar: Rs 1,540 per sq.ft (2024)
• Annai Abirami Nagar Main & Cross Road: Rs 1,540 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Thiruverkadu

The guideline value plays a crucial role during the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 1,540 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class I Type - I.

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.

How is the stamp duty calculated for properties in Amman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,07,800.