Guideline Value for Amman Pakoda Street

Amman Pakoda Street guideline value

The current guideline value of Amman Pakoda Street is Rs 4,900 per sq.ft. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Special Type - III.

How the guideline value of Amman Pakoda Street has changed

The guideline value for Amman Pakoda Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 1,174 per sq.ft. This increased to Rs 1,600 per sq.ft in 2007, marking a significant rise of 36%. In 2012, the value was adjusted to Rs 4,500 per sq.ft, reflecting a substantial increase of 181%. However, this was followed by a decrease to Rs 3,015 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased to the current rate of Rs 4,900 per sq.ft in 2024, representing a rise of 9%.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 317%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO with the 2024 guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Amman Pakoda Street's current value above that median.

• Anaikara Godown Street: Rs 4,400 per sq.ft (2024)
• Amman Koil Street (Sowcarpet): Rs 6,000 per sq.ft (2024)
• Amman Koil Street (Kondithope): Rs 6,000 per sq.ft (2024)
• Amman Koil Street (Central Railway Station): Rs 5,500 per sq.ft (2024)
• Amman Koil Lane: Rs 4,900 per sq.ft (2024)
• Amberson Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Pakoda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the 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 Pakoda Street?

The Sub Registrar Office that covers Amman Pakoda Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the stamp duty and registration fees payable. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman Pakoda Street?

The current guideline value of Amman Pakoda Street is Rs 4,900 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,174 per sq.ft in 2003 to the current Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 317% over this period.

What is the median guideline value in Muthiyalpet?

The median guideline value for streets in Muthiyalpet is Rs 4,400 per sq.ft, with Amman Pakoda Street's current value being above this median.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for Amman Pakoda Street?

The Sowcarpet Sub Registrar Office at No.11, Davidson Street, Sowcarpet, Chennai-01, is responsible for handling registrations for Amman Pakoda Street.