Guideline Value for KokilaAmmal Street

KokilaAmmal Street guideline value

The current guideline value of KokilaAmmal Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of KokilaAmmal Street has changed

The guideline value for KokilaAmmal Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,541 per sq.ft. The guideline value then increased to Rs 2,300 per sq.ft in 2023, marking a significant rise of 49% from 2017. The latest revision in 2024 has further increased the value to Rs 2,500 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no recorded figures for KokilaAmmal Street in the revisions for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the current 2024 figure, there has been a 9% increase.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which indicates that KokilaAmmal Street's 2024 figure is below this median.

• Krishna Iyer Street: Rs 4,000 per sq.ft (2024)
• Krishnaji sukkal Street: Rs 4,000 per sq.ft (2024)
• Krishnamoorthy Street (ramapuram): Rs 3,600 per sq.ft (2024)
• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)
• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in KokilaAmmal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, making the total cost Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KokilaAmmal Street?

The Sub Registrar Office that covers KokilaAmmal 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 Ambattur

The guideline value plays a crucial role in property transactions in Ambattur. It is used to determine the stamp duty and registration fees when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions based on a standardized valuation.

When registering a property, the guideline value is considered alongside the sale price. The higher amount between the two is used to calculate the applicable duties and fees, ensuring that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of KokilaAmmal Street?

The current guideline value of KokilaAmmal Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,500 per sq.ft in 2024, which is a 9% increase. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012.

What is the land classification for KokilaAmmal Street?

KokilaAmmal Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for KokilaAmmal Street?

The Sub Registrar Office for KokilaAmmal 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 the stamp duty calculated for properties in KokilaAmmal 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 current guideline value, the total cost including stamp duty and registration fees can be calculated accordingly.