Guideline Value for Kanniamman Koil Street

Kanniamman Koil Street guideline value

The current guideline value of Kanniamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kanniamman Koil Street has changed

The guideline value for Kanniamman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 150 per sq.ft. In 2017, this value was reduced to Rs 100 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the most recent changes reflect the values from 2012, 2017, 2023, and 2024.

Guideline values in Amarampedu

Amarampedu village has a total of 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which means that Kanniamman Koil Street's 2024 figure is below this median.

• Kannika Parameswari Nagar: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kalaignar Street: Rs 150 per sq.ft (2024)
• Kundrathur Main Road: Rs 500 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Lakshmi Nagar Phase 2: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total of Rs 13,500. It is essential 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 Kanniamman Koil Street?

The Sub Registrar Office that covers Kanniamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Amarampedu. It serves as a benchmark for determining 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 establishing a fair price for the transaction. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kanniamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 150 per sq.ft from 2023 to 2024, showing no change. The value was Rs 100 per sq.ft in 2017, and Rs 150 per sq.ft in 2012.

What is the median guideline value in Amarampedu?

The median guideline value for the 45 streets in Amarampedu is Rs 200 per sq.ft, which is higher than the current value of Kanniamman Koil Street.

What are the stamp duty and registration fees for property in Kanniamman Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500 and a registration fee of Rs 3,000, totaling Rs 13,500.

Which office handles the registration for Kanniamman Koil Street?

The registration for Kanniamman Koil Street is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.