Guideline Value for Angamuthu Street

Angamuthu Street guideline value

The current guideline value of Angamuthu Street in Koyakbedu village is Rs 3,300 per sq.ft, effective from the 2024 revision. This street falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Angamuthu Street has changed

Looking at the revisions over the years, the guideline value for Angamuthu Street has seen significant changes. In the 2007 revision, the value was Rs 1,100 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 173%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, which was then raised to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

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 200%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Angamuthu Street is below this median.

• Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Alli Street , Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Anna Street: Rs 3,300 per sq.ft (2024)
• A.K.R.Road: Rs 3,300 per sq.ft (2024)
• Ae Block 8th Street: Rs 12,600 per sq.ft (2024)
• Adhi sankaran street ( H block) Annanagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Angamuthu 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 amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angamuthu Street?

The Sub Registrar Office covering Angamuthu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that must be paid during the registration of property sales. Buyers and sellers must ensure that the transaction adheres to these values to avoid any legal issues.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Angamuthu Street?

The current guideline value of Angamuthu Street is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 200%.

What is the registration office for Angamuthu Street?

The registration office for Angamuthu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties on Angamuthu Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Where does Angamuthu Street stand compared to other streets in Koyakbedu?

The guideline value of Angamuthu Street at Rs 3,300 per sq.ft is below the median value of Rs 4,400 per sq.ft for other streets in Koyakbedu.