Guideline Value for Angamman Koil Street

Angamman Koil Street guideline value

The current guideline value of Angamman Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Theerthangiriyampattu village, under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Angamman Koil Street has changed

The guideline value for Angamman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 342 per sq.ft, which then decreased significantly to Rs 36 per sq.ft in 2003. Following this, there was a substantial increase to Rs 200 per sq.ft in 2007, and it further rose to Rs 400 per sq.ft in 2012. However, in 2017, the value dropped to Rs 268 per sq.ft. The most recent revisions show an increase to Rs 400 per sq.ft in 2023 and a further rise to Rs 440 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 29%. The changes from the 2017 revision to the 2023 revision show a significant rise of 49%, while the 2012 to 2017 period saw a decrease of 33%. The 2007 to 2012 revision experienced a 100% increase, and the 2003 to 2007 revision had an impressive increase of 456%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu, there are 24 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with a median value of Rs 605 per sq.ft. Angamman Koil Street's current guideline value is below this median.

• Bajanai Koil Street: Rs 770 per sq.ft (2024)
• Cheran Street: Rs 770 per sq.ft (2024)
• Gandhi Street: Rs 770 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 330 per sq.ft (2024)
• Kamarajar Street: Rs 770 per sq.ft (2024)
• Kannappar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Angamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angamman Koil Street?

The Sub Registrar Office that covers Angamman Koil Street is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Theerthangiriyampattu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area. Buyers and sellers should be aware that the guideline value is a key factor in these calculations.

When engaging in property transactions, it is essential to check the current guideline value to ensure compliance with registration requirements. This helps in understanding the financial implications of the transaction, including the duties and fees that will apply based on the guideline value.

Frequently asked questions

What is the current guideline value of Angamman Koil Street?

The current guideline value of Angamman Koil Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, a 10% rise.

What is the land classification for Angamman Koil Street?

Angamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Angamman Koil Street located?

The Sub Registrar Office for Angamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.