Guideline Value for Kanniyamman Koil Street

Kanniyamman Koil Street guideline value

The current guideline value of Kanniyamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Kanniyamman Koil Street has changed

The guideline value for Kanniyamman Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% change.

There are no figures available for the 2002 and 2003 revisions for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 220%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Kanniyamman Koil Street is below this median.

• Kannathasan Street(banu nagar west): Rs 2,200 per sq.ft (2024)
• Kannaki Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kannadasan Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Kandhasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kambar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kambar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanniyamman Koil Street?

The Sub Registrar Office that covers Kanniyamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Oragadam. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal obligations during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the necessary duties. This ensures that the transaction is recorded accurately and that all fees are paid according to the established rates.

Frequently asked questions

What is the current guideline value of Kanniyamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 220%.

What is the land classification for Kanniyamman Koil Street?

Kanniyamman Koil Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kanniyamman Koil Street?

The Sub Registrar Office for Kanniyamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kanniyamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.