Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Amman Koil Street has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent revision in 2024 continues this value at Rs 200 per sq.ft, reflecting no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Amman Koil Street's 2024 figure below this median.

• Ambedhkar Nagar: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Beauty Farms: Rs 300 per sq.ft (2024)
• Beauty Greens: Rs 300 per sq.ft (2024)
• Beauty kingdom: Rs 300 per sq.ft (2024)
• Bhirundhavan Nagar: Rs 400 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. 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 to estimate fees for your property transactions.

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 Pillaippakkam-A

The guideline value is a crucial factor in the registration of property transactions in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value helps ensure that the transaction is recorded at a value that reflects the local market conditions, thereby facilitating a transparent process for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Pillaippakkam-A?

Other streets in Pillaippakkam-A include Ambedhkar Nagar, Bajanai Koil Street, Beauty Farms, Beauty Greens, Beauty kingdom, and Bhirundhavan Nagar, with varying guideline values.

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

Stamp duty for properties in Amman Koil Street is calculated based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a stamp duty of Rs 14,000.

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

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