Guideline Value for Amman koil Street

Amman koil Street guideline value

The current guideline value of Amman koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Manancheri village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Amman koil Street has changed

Over the years, the guideline value of Amman koil Street has seen significant changes. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in the 2012 revision, marking a rise of 380%. However, it then decreased to Rs 804 per sq.ft in the 2017 revision, a drop of 33%. The value rose again to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 428%. The register has no figures for Amman koil Street for the years 2002 and 2003.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,400 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Amman koil Street's 2024 figure above this median.

• Ambal Nagar: Rs 990 per sq.ft (2024)
• Abirami nagar: Rs 1,320 per sq.ft (2024)
• Babu Avenue: Rs 1,430 per sq.ft (2024)
• Babu Avenue I: Rs 1,430 per sq.ft (2024)
• Babu Avenue II: Rs 1,430 per sq.ft (2024)
• Babu Avenue-III: Rs 1,430 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman koil Street?

The Sub Registrar Office that covers Amman koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Manancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman koil Street?

The current guideline value of Amman koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 428% over the years.

What is the median guideline value in Manancheri?

The median guideline value in Manancheri is Rs 990 per sq.ft, with Amman koil Street's value above this median at Rs 1,320 per sq.ft.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Amman koil Street?

The Kunrathur Sub Registrar Office handles registrations for Amman koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.