Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Karanaithangal village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Amman Koil Street has changed

In the 2012 revision, the guideline value for Amman Koil Street was Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft, marking a decrease of 33%. The value then increased by 49% to Rs 500 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the only available revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Karanaithangal

In Karanaithangal, there are 17 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 471 to Rs 1,000 per sq.ft, with the median value being Rs 500 per sq.ft. Amman Koil Street's 2024 guideline value aligns with this median.

• Ambethkar Street: Rs 500 per sq.ft (2024)
• Compact Homes-Madhulika: Rs 1,000 per sq.ft (2024)
• Compact Homes-Megha: Rs 1,000 per sq.ft (2024)
• Compact Homes-Vasanthaa: Rs 1,000 per sq.ft (2024)
• Compact Homs-Atana: Rs 1,000 per sq.ft (2024)
• JanRathinam Nagar: Rs 600 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Karanaithangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a decrease to Rs 335 per sq.ft in 2017 and an increase back to Rs 500 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Amman Koil Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office is responsible for Amman Koil Street?

The Sunguvarchattram Sub Registrar Office is responsible for Amman Koil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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.