Guideline Value for Angalamman Koil Street

Angalamman Koil Street guideline value

The current guideline value of Angalamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar Sub Registrar Office (SRO). The land classification for this area is Residential Class V Type - III.

How the guideline value of Angalamman Koil Street has changed

The guideline value for Angalamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, it decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% decline. The value then rose significantly to Rs 3,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Angalamman Koil Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, indicating that Angalamman Koil Street's 2024 figure is below this median.

• Adyar House Road: Rs 8,800 per sq.ft (2024)
• Adyar Avenue Road: Rs 8,800 per sq.ft (2024)
• Avvai Colony: Rs 5,000 per sq.ft (2024)
• Bajanai Koil Street: Rs 6,100 per sq.ft (2024)
• Balaji Street: Rs 6,100 per sq.ft (2024)
• Bharathi Avenue: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman Koil 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Angalamman Koil Street?

The Sub Registrar Office that covers Angalamman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street?

The current guideline value of Angalamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 120% over the years.

What is the land classification for Angalamman Koil Street?

Angalamman Koil Street falls under the Residential Class V Type - III land classification.

What are the stamp duty and registration fees for property in Angalamman Koil Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Angalamman Koil Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Angalamman Koil Street.