Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Maakaanyam village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Amman Koil Street has changed

In the 2012 revision, the guideline value for Amman Koil Street was set at Rs 150 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023, where it was also Rs 150 per sq.ft. However, in 2017, the value had previously increased from Rs 100 per sq.ft in 2017, marking a 50% increase from the previous revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has shown no change. The current value of Rs 150 per sq.ft is consistent with the previous revisions from 2023 and 2012.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Amman Koil Street is below this median.

• Anjaneya nagar: Rs 110 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Balaji Nagar: Rs 450 per sq.ft (2024)
• Colony Bajanai Koil Street: Rs 100 per sq.ft (2024)
• Cross Street: Rs 110 per sq.ft (2024)
• Crystal Park: Rs 500 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 rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Maakaanyam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amman Koil Street has remained at Rs 150 per sq.ft since 2012, with a previous increase from Rs 100 per sq.ft in 2017. There was a decrease of 33% from 2012 to 2017, but overall, it has not changed from 2012 to 2024.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class II Type - I under the current guidelines.

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

For a property valued at Rs 1,50,000, the stamp duty is Rs 10,500 and the registration fee is Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Amman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.