Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class II Type - II.

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 2002, the guideline value was Rs 251 per sq.ft. This increased to Rs 272 per sq.ft in 2003, followed by a significant rise to Rs 700 per sq.ft in 2007. The value then saw a substantial increase to Rs 1,600 per sq.ft in 2012, before dropping to Rs 1,072 per sq.ft in 2017. The value climbed again to Rs 1,600 per sq.ft in 2023, and most recently to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 577% from 2002 to 2024.

The changes between revisions include a 6% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 129% increase from 2007 to 2012, a 157% increase from 2003 to 2007, and an 8% increase from 2002 to 2003. The register has no figure for this street in the years not mentioned.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Amman Koil Street's 2024 guideline value is below this median.

• Ambedkar Street / Nagar: Rs 1,700 per sq.ft (2024)
• Anbazhagan Nagar 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 1st Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 2nd Main Street: Rs 2,700 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 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Koil Street?

The Sub Registrar Office that covers Amman Koil Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sembiam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the buyer must pay stamp duty 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 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 251 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 577% over this period.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Amman Koil Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 17,00,000, with a stamp duty of Rs 1,19,000 and a registration fee of Rs 34,000, totaling Rs 1,53,000.

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

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it covers Amman Koil Street.