Guideline Value for Amman Koil street

Amman Koil street guideline value

The current guideline value of Amman Koil street in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Amman Koil street has changed

The guideline value for Amman Koil street has seen several revisions over the years. In 2003, the value was Rs 554 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2007. Following that, there was a substantial rise to Rs 3,200 per sq.ft in 2012, but the value dropped to Rs 2,144 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,200 per sq.ft in 2023, followed by the current value of Rs 3,520 per sq.ft in 2024.

Overall, the changes between revisions indicate a +535% increase from 2003 to 2024. The most notable change occurred between 2007 and 2012, where the value surged by +220%, while the transition from 2017 to 2023 saw a +49% increase. It is important to note that the register has no figure for Amman Koil street for the year 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Amman Koil street's 2024 figure above this median.

• Ammani ammal Street: Rs 3,300 per sq.ft (2024)
• Anantharam Street: Rs 3,520 per sq.ft (2024)
• Ambedkar Street: Rs 3,300 per sq.ft (2024)
• Anbulingam Street: Rs 2,750 per sq.ft (2024)
• Andavar Street: Rs 2,100 per sq.ft (2024)
• Ambal Nagar: Rs 2,750 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 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. 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 covering Amman Koil street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Amman Koil street?

The current guideline value of Amman Koil street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 554 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, showing an overall increase of +535% over this period.

What are the other streets in Zaminpallavaram and their guideline values?

Other streets in Zaminpallavaram include Ammani ammal Street at Rs 3,300 per sq.ft, Anantharam Street at Rs 3,520 per sq.ft, and Ambedkar Street at Rs 3,300 per sq.ft, among others.

What is the stamp duty rate for properties in Amman Koil street?

The stamp duty rate for properties in Amman Koil street is 7% of the guideline value or 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 located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.