Guideline Value for Angalamman Koil Street

Angalamman Koil Street guideline value

The current guideline value of Angalamman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Angalamman Koil Street has changed

The guideline value for Angalamman Koil Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 413 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2007, marking a change of +336%. In 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial increase of +122%. However, in 2017, it dropped to Rs 2,680 per sq.ft, a decrease of -33%. The 2023 revision set the value at Rs 4,000 per sq.ft, which then increased to Rs 4,400 per sq.ft in 2024, a rise of +10%.

It is important to note that there is no figure available for Angalamman Koil Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by +965%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which matches the current value of Angalamman Koil Street.

• Angalamman Koil 2nd Street: Rs 4,400 per sq.ft (2024)
• Angalamman Koil 1st Street: Rs 5,500 per sq.ft (2024)
• Andal Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Andal Nagar Extn Street: Rs 4,400 per sq.ft (2024)
• Andal Nagar Extn. Main Road: Rs 4,400 per sq.ft (2024)
• Andal Nagar Extn II: Rs 4,400 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the 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 Angalamman Koil Street?

The Sub Registrar Office that covers Angalamman Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value affects the overall cost of the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Angalamman Koil Street?

The current guideline value of Angalamman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 413 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, representing an overall increase of +965% over the years.

What are the stamp duty rates for properties in Angalamman Koil Street?

The stamp duty for properties in Angalamman Koil Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Angalamman Koil Street?

The Velacheri Sub Registrar Office covers Angalamman Koil Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Angalamman Koil Street?

Angalamman Koil Street is classified as Residential Class II Type - II, which indicates the type of development allowed in the area.