Guideline Value for Angalamman street

Angalamman street guideline value

The current guideline value of Angalamman street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Angalamman street has changed

The guideline value for Angalamman street has undergone several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as per the 2024 revision, marking a 6% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 6%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Angalamman street is above this median, reflecting its unique position within the village.

• Andavar Street: Rs 1,700 per sq.ft (2024)
• Andavar 1st cross street: Rs 1,700 per sq.ft (2024)
• Anna Cross Street (Sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Ananoor Railway Station 1st Cross street (Santhosh nagar): Rs 880 per sq.ft (2024)
• Amirthananda Mayi street (maruthiram nagar): Rs 1,100 per sq.ft (2024)
• Annai Therasa Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Angalamman street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Angalamman street?

The Sub Registrar Office that covers Angalamman street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Angalamman street?

The current guideline value of Angalamman street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the value increasing from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.

What is the land classification for Angalamman street?

Angalamman street is classified as Residential Special Type - II, which is significant for determining its guideline value and usage.

Where can I find the Sub Registrar Office for Angalamman street?

The Ambattur Sub Registrar Office covers Angalamman street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Angalamman street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7%.