Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street in Padoor village is Rs 200 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Amman Koil Street has changed

Over the years, the guideline value for Amman Koil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it continued at Rs 200 per sq.ft. The 2017 revision saw a decrease to Rs 134 per sq.ft, marking a -33% change from the previous value. However, from 2017 to 2023, there was a significant increase of 49%, bringing it back to Rs 200 per sq.ft.

As of the latest 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year. Notably, there are no recorded figures for Amman Koil Street in the revisions of 2002, 2003, and 2007.

Guideline values in Padoor

In Padoor, there are 22 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 705 per sq.ft, which means that Amman Koil Street's 2024 figure is below this median.

• Ambethkar Street: Rs 200 per sq.ft (2024)
• Bhajanai koil street: Rs 200 per sq.ft (2024)
• Breeze county: Rs 600 per sq.ft (2024)
• Bypass Road: Rs 200 per sq.ft (2024)
• Indra Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 150 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 200 per sq.ft, the total 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, bringing the total to Rs 18,000. It is important to note that the 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for additional information.

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

The guideline value is a critical factor during the registration of property transactions in Padoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When buying or selling property, the guideline value helps to standardize the pricing process, providing transparency and clarity for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of a property transaction.

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, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023.

What is the land classification for Amman Koil Street?

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

Where can I find information about the registration office?

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

How is stamp duty calculated for properties in Padoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot valued at Rs 200 per sq.ft would incur a total stamp duty of Rs 14,000 along with a registration fee of Rs 4,000.