Guideline Value for Amman koil street

Amman koil street guideline value

The current guideline value of Amman koil street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Amman koil street has changed

The guideline value for Amman koil street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The revisions for the years 2002 and 2003 do not have any figures recorded for Amman koil street in the register.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft, with the median value being Rs 2,200 per sq.ft. The guideline value for Amman koil street aligns with this median.

• Ammankoil street east & west: Rs 2,200 per sq.ft (2024)
• Ambedkar street: Rs 2,200 per sq.ft (2024)
• Alisayubu street: Rs 2,200 per sq.ft (2024)
• Anjaneyar koil street: Rs 2,200 per sq.ft (2024)
• Adthavan Nagar: Rs 2,200 per sq.ft (2024)
• Abdulla vahab sahyub street: Rs 2,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial component in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The fees are calculated based on the higher of the guideline value or the sale price, which helps maintain transparency and fairness in 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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the stamp duty and registration fees for property in Amman koil street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Amman koil street?

The Poonamallee Sub Registrar Office covers Amman koil street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What other streets in Poonthamallee have the same guideline value?

Other streets in Poonthamallee with a guideline value of Rs 2,200 per sq.ft include Ammankoil street east & west, Ambedkar street, Alisayubu street, Anjaneyar koil street, Adthavan Nagar, and Abdulla vahab sahyub street.