Guideline Value for Ammani ammal Street

Ammani ammal Street guideline value

The current guideline value of Ammani ammal Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ammani ammal Street has changed

The guideline value for Ammani ammal Street has seen several revisions over the years. In 2003, the guideline value was Rs 293 per sq.ft. It increased significantly to Rs 800 per sq.ft in 2007, marking a rise of 173%. The value then jumped to Rs 3,000 per sq.ft in 2012, which was an increase of 275%. However, it fell to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and finally to the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

There is no guideline value figure available for Ammani ammal Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1026%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Ammani ammal Street.

• Amman Koil street: Rs 3,520 per sq.ft (2024)
• Ambedkar Street: Rs 3,300 per sq.ft (2024)
• Anantharam Street: Rs 3,520 per sq.ft (2024)
• Anbulingam Street: Rs 2,750 per sq.ft (2024)
• Andavar Street: Rs 2,100 per sq.ft (2024)
• Ambal Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ammani ammal 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. 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 Ammani ammal Street?

The Sub Registrar Office that covers Ammani ammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ammani ammal Street?

The current guideline value of Ammani ammal 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 293 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing a significant increase of 1026% overall. The value has seen various revisions, with notable changes occurring in 2007, 2012, 2017, and 2023.

What is the stamp duty for property in Ammani ammal Street?

The stamp duty for property in Ammani ammal Street is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Where is the Sub Registrar Office for Ammani ammal Street located?

The Sub Registrar Office covering Ammani ammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the land classification for Ammani ammal Street?

The land classification for Ammani ammal Street is Residential Class I Type - II, indicating its suitability for residential development.