Guideline Value for Amman koil Street

Amman koil Street guideline value

The current guideline value of Amman koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village, under the Alandur 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 2002, the value was Rs 145 per sq.ft, which increased to Rs 160 per sq.ft in 2003. Following this, the value rose significantly to Rs 400 per sq.ft in 2007, marking a 150% increase. The 2012 revision saw the value remain at Rs 3,000 per sq.ft, while in 2017, it decreased to Rs 2,010 per sq.ft, a drop of 33%. The guideline value then increased to Rs 3,000 per sq.ft in 2023, followed by a rise to the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,176%. The register has no figures for the years not mentioned in the revision list.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the guideline value for Amman koil Street.

• Amaravathi Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Main: Rs 3,300 per sq.ft (2024)
• Balaya Nagar: Rs 3,300 per sq.ft (2024)
• Bharathiyar 1st Cross: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Cross: Rs 3,300 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Moovarasampattu. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When registering a property, the guideline value serves as a benchmark for the transaction value. If the sale price is higher than the guideline value, the stamp duty is calculated based on 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 Street?

The current guideline value of Amman koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 145 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2,176% over the years.

What is the land classification for Amman koil Street?

Amman koil Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property on Amman koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Amman koil Street?

The Alandur Sub Registrar Office handles registrations for Amman koil Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.