Guideline Value for KOLAMANI AMMAN KOIL STREET

Kolamani Amman Koil Street guideline value

The current guideline value of Kolamani Amman Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Kolamani Amman Koil Street has changed

In the 2003 revision, the guideline value was Rs 986 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2007 revision, marking a significant rise of 103%. The 2012 revision saw a decrease to Rs 6,000 per sq.ft, a drop of 33%. However, in 2017, the value rose again to Rs 4,020 per sq.ft, which was a 49% increase from the previous year.

The 2023 revision set the guideline value at Rs 6,000 per sq.ft, which then increased to Rs 6,600 per sq.ft in the 2024 revision, reflecting a 10% rise. Overall, from 2003 to 2024, the guideline value has increased by 569%. The register has no figure for the year 2002 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value is Rs 11,000 per sq.ft, placing Kolamani Amman Koil Street's 2024 figure below this median.

• Kodambakkam High Road: Rs 22,000 per sq.ft (2024)
• Krishnabai Street: Rs 11,000 per sq.ft (2024)
• Krishnaiah Street (Krishna Nair Street): Rs 13,200 per sq.ft (2024)
• Krishnamachari Street: Rs 7,700 per sq.ft (2024)
• Krishnan Street: Rs 7,700 per sq.ft (2024)
• Krishna Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kolamani Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kolamani Amman Koil Street?

The Kolamani Amman Koil Street falls under the Thiyagaraya nagar Sub Registrar Office located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Tnagar. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the legal and financial aspects of the transaction. It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Kolamani Amman Koil Street?

The current guideline value of Kolamani Amman Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 986 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, an overall increase of 569%.

What is the median guideline value in Tnagar?

The median guideline value in Tnagar is Rs 11,000 per sq.ft, which is higher than the current value of Kolamani Amman Koil Street.

What are the stamp duty and registration fees for properties in Kolamani Amman Koil Street?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles the registration of properties in Kolamani Amman Koil Street?

The registration of properties in Kolamani Amman Koil Street is handled by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.