Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,210 per sq.ft. This street is located in Thandalam village, under the Pammal Sub Registrar Office. 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 seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the guideline value of Amman Koil Street.

• Ambal Nagar ManiMedu: Rs 1,210 per sq.ft (2024)
• Ambal Nagar: Rs 1,210 per sq.ft (2024)
• Alayam Phase - III: Rs 2,200 per sq.ft (2024)
• Annai Theresa Nagar: Rs 990 per sq.ft (2024)
• Akash Nagar Thodarchi: Rs 1,210 per sq.ft (2024)
• Akash Nagar II: Rs 1,210 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for these fees would be Rs 1,08,900. It is important to note that 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 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 Thandalam

The guideline value is a crucial factor during the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from 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 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 737 per sq.ft to Rs 1,210 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, indicating its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles property registrations for Amman Koil Street?

The Pammal Sub Registrar Office handles property registrations for Amman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.