Guideline Value for Kanniamman Koil St

Kanniamman Koil St guideline value

The current guideline value for Kanniamman Koil St in Ammayarkuppam village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class III Type - I.

How the guideline value of Kanniamman Koil St has changed

In the 2007 revision, the guideline value was Rs 60 per sq.ft, which saw a significant increase to Rs 220 per sq.ft in 2012. However, this value decreased to Rs 147 per sq.ft in the 2017 revision, reflecting a drop of 33%. The guideline value then remained at Rs 150 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 150%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO with a 2024 guideline value ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, placing Kanniamman Koil St below this median.

• Kannagi Street: Rs 260 per sq.ft (2024)
• Kamatchiamman Koil st: Rs 260 per sq.ft (2024)
• Kamarajar St: Rs 260 per sq.ft (2024)
• Kamarajar Harijana Colony: Rs 150 per sq.ft (2024)
• Koil Street: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 Kanniamman Koil St?

The Sub Registrar Office covering Kanniamman Koil St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ammayarkuppam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered alongside the sale price to calculate the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Kanniamman Koil St?

The current guideline value of Kanniamman Koil St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, with various revisions in between showing fluctuations.

What are the other streets in Ammayarkuppam and their guideline values?

Other streets in Ammayarkuppam include Kannagi Street, Kamatchiamman Koil St, and Kamarajar St, with guideline values ranging from Rs 150 to Rs 260 per sq.ft for 2024.

What fees are associated with property transactions in Kanniamman Koil St?

Fees include stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kanniamman Koil St?

The Sub Registrar Office for Kanniamman Koil St is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.