Guideline Value for Amman Kovil Street

Amman Kovil Street guideline value

The current guideline value of Amman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Selvazhimagalam village, under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Amman Kovil Street has changed

The guideline value for Amman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 200 per sq.ft in 2023, and it has remained consistent at this rate through the 2024 revision.

For the years 2002, 2003, and 2007, the register has no figure for this street. Thus, the overall change from the 2012 revision to the 2024 revision shows no increase, maintaining the guideline value at Rs 200 per sq.ft.

Guideline values in Selvazhimagalam

In Selvazhimagalam, there are 11 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 126 to Rs 500 per sq.ft, with the median value being Rs 200 per sq.ft. Amman Kovil Street's 2024 figure aligns perfectly with this median.

• Bajanai Kovil Street: Rs 200 per sq.ft (2024)
• Bharathiyar Street: Rs 200 per sq.ft (2024)
• Chennai Bangalore Main Road: Rs 500 per sq.ft (2024)
• Jambodai Kurukku Street: Rs 300 per sq.ft (2024)
• Jambodai Street: Rs 300 per sq.ft (2024)
• Kodi Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Kovil 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, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Kovil Street?

The Sub Registrar Office that covers Amman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Selvazhimagalam. It serves as a basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the local authorities. This ensures transparency and compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value of Amman Kovil Street?

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

How has the guideline value changed over the years?

The guideline value for Amman Kovil Street has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023.

What are the other streets with similar guideline values in Selvazhimagalam?

Other streets in Selvazhimagalam also have a guideline value of Rs 200 per sq.ft, including Bajanai Kovil Street and Bharathiyar Street, while others range up to Rs 500 per sq.ft.

What is the registration fee for property in Amman Kovil Street?

The registration fee for property in Amman Kovil Street is calculated based on the guideline value. For a property valued at Rs 2,00,000, the registration fee would be Rs 4,000 at a rate of 2%.

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

The Sub Registrar Office for Amman Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.