Guideline Value for Ammankoil street east & west

Ammankoil street east & west guideline value

The current guideline value for Ammankoil street east & west is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Ammankoil street east & west has changed

The guideline value for Ammankoil street east & west has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 2,000 per sq.ft. This value decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and then further rose to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Ammankoil street east & west.

• Amman koil street: 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 Ammankoil street east & west

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ammankoil street east & west?

The Sub Registrar Office that covers Ammankoil street east & west 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 factor in the registration process when buying or selling property in Poonthamallee. It determines the minimum value at which the property must be registered, ensuring that the transaction is documented at a fair value.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory. This ensures that both the buyer and seller adhere to the legal requirements set by the state.

Frequently asked questions

What is the current guideline value for Ammankoil street east & west?

The current guideline value for Ammankoil street east & west 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024. This reflects various increases and decreases over the years.

What is the land classification for Ammankoil street east & west?

Ammankoil street east & west falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles property registration for Ammankoil street east & west?

The Poonamallee Sub Registrar Office handles property registration for Ammankoil street east & west, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.