Guideline Value for Amman koil 2nd St

Amman koil 2nd St guideline value

The current guideline value of Amman koil 2nd St is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Amman koil 2nd St has changed

The guideline value for Amman koil 2nd St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 1,500 per sq.ft, and the latest revision in 2024 has increased it further to Rs 1,650 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% rise. Overall, comparing the 2012 revision to the current 2024 figure, there has been a total increase of 10% in the guideline value.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Amman koil 2nd St.

• Amman Koil 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Amman Koil Ist Cross Street: Rs 1,650 per sq.ft (2024)
• Amman koil 1st St: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Amudham Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Amudham Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Amman koil 2nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman koil 2nd St?

The Sub Registrar Office that covers Amman koil 2nd St 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 Peerklankaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman koil 2nd St?

The current guideline value of Amman koil 2nd St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Peerklankaranai with the same guideline value?

Other streets in Peerklankaranai with the same guideline value of Rs 1,650 per sq.ft include Amman Koil 2nd Cross Street, Amman Koil Ist Cross Street, Amman koil 1st St, and Amman Koil Street.

What is the stamp duty for property in Amman koil 2nd St?

The stamp duty for property in Amman koil 2nd St is calculated at 7% of the guideline value. For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Which office handles the registration for Amman koil 2nd St?

The registration for Amman koil 2nd St is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.