Guideline Value for L.N. Koil Street

L.N. Koil Street guideline value

The current guideline value of L.N. Koil Street in Ammayarkuppam village is Rs 260 per sq.ft, effective from the 2024 revision. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of L.N. Koil Street has changed

The guideline value for L.N. Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 100 per sq.ft, which increased significantly to Rs 260 per sq.ft in the 2012 revision, marking a 160% rise. However, the value then dropped to Rs 174 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision maintained the value at Rs 260 per sq.ft, and the same value continues into the 2024 revision, resulting in no change from the previous year.

There are no figures available for L.N. Koil Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 160%.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO, with the 2024 guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, placing L.N. Koil Street at this median value.

• Mangala Kizhar Steet: Rs 260 per sq.ft (2024)
• Kumaran Street: Rs 260 per sq.ft (2024)
• Ma.Po.C. Salai: Rs 260 per sq.ft (2024)
• Kulakarai St: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Harijana Colony: Rs 150 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in L.N. Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, while the registration fee at 2% would be Rs 5,200, leading to a total of Rs 23,400. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.N. Koil Street?

The Sub Registrar Office that covers L.N. Koil Street 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 is a critical factor when registering property transactions in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of L.N. Koil Street?

The current guideline value of L.N. Koil Street is Rs 260 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most significant change occurring from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012. The value remained at Rs 260 per sq.ft from 2012 to 2017, then decreased to Rs 174 per sq.ft, before returning to Rs 260 per sq.ft in 2023 and 2024.

What is the land classification for L.N. Koil Street?

L.N. Koil Street is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property in L.N. Koil Street?

The stamp duty for property in L.N. Koil Street is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 23,400.

Which Sub Registrar Office covers the property transactions in L.N. Koil Street?

The Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone, covers property transactions for L.N. Koil Street.