Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village under the Pammal SRO, classified as Residential Class IV Type - I.

How the guideline value of Amman Koil Street has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure rose to Rs 1,500 per sq.ft in the 2023 revision, marking an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2012, 2007, 2003, and 2002 for Amman Koil Street.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Amman Koil Street's 2024 figure below this median.

• Ambetkar Street: Rs 1,650 per sq.ft (2024)
• Annai Therasa Nagar: Rs 2,200 per sq.ft (2024)
• Anna Main Road (ward 2): Rs 2,750 per sq.ft (2024)
• Anna Main Road (ward 4): Rs 2,750 per sq.ft (2024)
• Anna Main Road (ward 6): Rs 2,750 per sq.ft (2024)
• Anna Main Road (ward 7): Rs 2,750 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and 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 Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kolapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue from property transactions.

When buying or selling property, both the buyer and seller must consider the guideline value as it influences the stamp duty and registration fees payable. This ensures transparency and compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,005 per sq.ft, the guideline value increased to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024. This marks an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties on Amman Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which registration office handles properties in Kolapakkam?

The Pammal Sub Registrar Office handles property registrations in Kolapakkam, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Amman Koil Street?

Amman Koil Street is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the Kolapakkam village.