Guideline Value for CHENGANI AMMAN KOIL EAST STREET

Chengani Amman Koil East Street guideline value

The current guideline value of Chengani Amman Koil East Street is Rs 1,700 per sq.ft. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Chengani Amman Koil East Street has changed

The guideline value for Chengani Amman Koil East Street has seen several revisions over the years. In 2003, the value was Rs 85 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2007. This was followed by a rise to Rs 1,500 per sq.ft in 2012, but it then dropped to Rs 1,005 per sq.ft in 2017. The value rebounded to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1900%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value among these streets is Rs 1,700 per sq.ft, which is equal to the guideline value for Chengani Amman Koil East Street.

• Chengani Amman Koil West Street: Rs 1,700 per sq.ft (2024)
• Chella Durai Garden: Rs 1,100 per sq.ft (2024)
• Chandra Thottam: Rs 1,200 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)
• B.P.Rajan Salai: Rs 2,800 per sq.ft (2024)
• Danis Hotel Properties: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chengani Amman Koil East Street

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

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

Which Sub Registrar Office covers Chengani Amman Koil East Street?

The Chengani Amman Koil East Street is covered by the Neelankarai Sub Registrar Office. The address is 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Uthandi. It is used to determine the stamp duty and registration fees that must be paid when registering a property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the established values for properties in the area. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Chengani Amman Koil East Street?

The current guideline value for Chengani Amman Koil East Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly from Rs 85 per sq.ft to Rs 1,700 per sq.ft in 2024, marking a total increase of 1900% over the years.

What are the stamp duty rates for properties in this area?

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

What is the registration fee for properties in Chengani Amman Koil East Street?

The registration fee for properties is charged at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Chengani Amman Koil East Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.