Guideline Value for CHENGANI AMMAN KOIL WEST STREET

Chengani Amman Koil West Street guideline value

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

The guideline value for Chengani Amman Koil West Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 85 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 1665%. However, the value then decreased to Rs 1,005 per sq.ft in 2017, representing a decline of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and then to Rs 1,700 per sq.ft with the 2024 revision, reflecting a change of 13%.

Overall, from 2003 to 2024, the guideline value has increased by 1900%. Notably, there are no figures available for the revisions in 2002 and 2007 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 is Rs 1,700 per sq.ft, which is the same as the current guideline value for Chengani Amman Koil West Street.

• Chengani Amman Koil East 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 West Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 17,00,000. The stamp duty at 7% amounts to Rs 1,19,000, and the registration fee at 2% is Rs 34,000, bringing the total 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 the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chengani Amman Koil West Street?

The Chengani Amman Koil West Street is covered by the Neelankarai Sub Registrar Office, located at 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 registration in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable duties, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

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

The current guideline value for Chengani Amman Koil West 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 changed significantly from Rs 85 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 1900% over the years.

What are the other streets in Uthandi with their guideline values?

Other streets in Uthandi include Chengani Amman Koil East Street at Rs 1,700 per sq.ft, Chella Durai Garden at Rs 1,100 per sq.ft, and Colony Gangaiamman Koil Street (E.C.R.) at Rs 2,800 per sq.ft, among others.

How is stamp duty calculated for properties in Chengani Amman Koil West Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,700 per sq.ft, the stamp duty would be Rs 1,19,000 at 7%.

Which Sub Registrar Office do I need to visit for transactions related to Chengani Amman Koil West Street?

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