Guideline Value for Angalamman Koil Street

Angalamman Koil Street guideline value

The current guideline value of Angalamman Koil Street is Rs 4,900 per sq.ft. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Angalamman Koil Street has changed

The guideline value for Angalamman Koil Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,210 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2012, marking a 272% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, which was a decline of 33%. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, followed by a further increase to the current value of Rs 4,900 per sq.ft in 2024, reflecting a 9% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is the same as the current value for Angalamman Koil Street.

• Angalaparameswari 1st Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 2nd Street: Rs 3,300 per sq.ft (2024)
• Andiyappan Naicken Street: Rs 4,900 per sq.ft (2024)
• Angalaparameswari 3rd Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 4th Street: Rs 3,300 per sq.ft (2024)
• Anjugam Nagar 1st Street: Rs 5,500 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 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Therefore, the total cost for stamp duty and registration fees would be Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the 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 Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value may affect the overall cost of the property transaction.

When registering a property, the guideline value helps ensure that the transaction is recorded at a value that reflects local market conditions. This ensures transparency and helps in maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street?

The current guideline value of Angalamman Koil Street is Rs 4,900 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 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing a total increase of 305% over the years.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations in Kodambakkam?

The Ashok Nagar Sub Registrar Office handles property registrations in Kodambakkam. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Angalamman Koil Street?

The land classification for Angalamman Koil Street is Residential Class III Type - II, indicating its designated use for residential purposes.