Guideline Value for Amman koil street

Amman koil street guideline value

The current guideline value of Amman koil street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village and falls under the Poonamallee SRO. The land classification for this area is Residential Class I 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. The earliest recorded figure is from 2003, where the guideline value was Rs 56 per sq.ft. This increased significantly to Rs 150 per sq.ft in 2007, followed by a dramatic rise to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value continued to rise, reaching Rs 750 per sq.ft in 2023, and finally, it is set at Rs 825 per sq.ft from July 2024. The register has no figure for this street in 2002.

Between the revisions, there have been notable changes. From 2003 to 2007, the guideline value increased by 168%. The value then saw a massive increase of 400% from 2007 to 2012. However, from 2012 to 2017, there was a decrease of 33%. The value rebounded with a 49% increase from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2003 to 2024, the guideline value has increased by 1373%.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Amman koil street is above this median.

• Ambedkar street: Rs 440 per sq.ft (2024)
• Annai Nagar: Rs 990 per sq.ft (2024)
• Arivoli nagar: Rs 550 per sq.ft (2024)
• A.R.K.விக்னேஷ்வரா நகர்: Rs 1,000 per sq.ft (2024)
• A.S.P.Avenue: Rs 1,000 per sq.ft (2024)
• Astalakshmi nagar: Rs 550 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 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500. Together, this amounts to Rs 74,250. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an essential reference for property transactions in Udaiyavarkoil. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers need to be aware of the current guideline value to ensure they are prepared for the associated costs during the registration process.

When a property is registered, the guideline value helps to establish the minimum value at which the property can be sold. This ensures that the government receives the appropriate revenue from property transactions. It is crucial for both buyers and sellers to understand how this value impacts their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Amman koil street?

The current guideline value of Amman koil street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 56 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, representing an overall increase of 1373% over this period.

What is the land classification for Amman koil street?

Amman koil street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty for properties on Amman koil street?

The stamp duty for properties on Amman koil street is 7% of the guideline value, which amounts to Rs 57,750 for a 1,000 sq.ft plot at the current rate.

Where can I find more information about the Sub Registrar Office?

The Poonamallee Sub Registrar Office covers Amman koil street, and you can find more information by visiting the find your SRO page.