Guideline Value for Amman Koil Street

Amman Koil Street guideline value

The current guideline value of Amman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Amman Koil Street has changed

Amman Koil Street has seen several revisions in its guideline value over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the current 2024 revision has further increased it to Rs 1,100 per sq.ft.

Between the revisions, the changes have varied: from 2007 to 2012, there was a notable increase of 150%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 shows a rise of 175%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the guideline value of Amman Koil Street below this median.

• Amar Nagar: Rs 2,200 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Aamarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• Aadam Sahib Street: Rs 1,100 per sq.ft (2024)
• Arpudham Nagar: Rs 1,650 per sq.ft (2024)
• Arputha Nagar Street: Rs 880 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a crucial factor when registering property transactions in Kadaperi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the financial aspects of the transaction. Buyers should ensure that they are prepared for the costs associated with registration, which are determined by this value.

Frequently asked questions

What is the current guideline value of Amman Koil Street?

The current guideline value of Amman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the land classification for Amman Koil Street?

Amman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering Amman Koil Street is located at No.26, Mes Road, East Tambaram, Chennai-600059.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.