Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amman Koil Street has changed

Over the years, the guideline value of Amman Koil Street has seen significant changes. The 2007 revision recorded a value of Rs 509 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 430%. However, this value dropped by 33% to Rs 1,809 per sq.ft in 2017. The subsequent revision in 2023 saw a substantial increase to Rs 2,700 per sq.ft, followed by a further increase of 10% to the current value of Rs 2,970 per sq.ft in 2024.

There are no recorded figures for Amman Koil Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 483%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value is Rs 2,970 per sq.ft, which is the same as the guideline value for Amman Koil Street.

• Amman Koil Street Extn.: Rs 1,650 per sq.ft (2024)
• Anandhanilayam Street(Sundarajarajan St): Rs 2,970 per sq.ft (2024)
• Ambal Nagar: Rs 2,970 per sq.ft (2024)
• A.K. Nagar(Postal Avenue): Rs 3,850 per sq.ft (2024)
• A.G. Colony Extn.: Rs 2,420 per sq.ft (2024)
• Anna Nagar Main Road: Rs 2,970 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 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

When buying or selling property in Hastinapuram, the guideline value is a critical factor that determines the stamp duty and registration fees. The guideline value serves as a benchmark for property transactions and is used to calculate the applicable charges during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during property transactions. This value is regularly updated to reflect market conditions and is crucial for accurate financial planning.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 509 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 483%.

What is the land classification of Amman Koil Street?

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

Where can I find the registration office for Amman Koil Street?

The registration office for Amman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,07,900.