Guideline Value for Lime Kiln Street

Lime Kiln Street guideline value

The current guideline value of Lime Kiln Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Lime Kiln Street has changed

The guideline value for Lime Kiln Street has seen significant changes over the years. In 2002, the value was Rs 743 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking a substantial rise of 62%. Following this, the value surged to Rs 6,000 per sq.ft in 2012, representing a remarkable increase of 400%. However, it then dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value climbed again to Rs 6,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for Lime Kiln Street in the 2003 revision. Overall, the guideline value has increased by 788% from 2002 to 2024.

Guideline values in Aminjikarai

In Aminjikarai, there are 99 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. Lime Kiln Street's current value of Rs 6,600 per sq.ft is above this median.

• Lakshmi Talkies Road: Rs 14,300 per sq.ft (2024)
• K.V.N.Puram: Rs 3,300 per sq.ft (2024)
• Manjakollai Street: Rs 6,600 per sq.ft (2024)
• Kilpauk Garden Road: Rs 15,000 per sq.ft (2024)
• Mosque Lane: Rs 6,600 per sq.ft (2024)
• Kanniamman Koil Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Lime Kiln Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lime Kiln Street?

The Sub Registrar Office that covers Lime Kiln Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Aminjikarai. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall transaction costs. The registration office will refer to the guideline value to ensure that the property is registered at an appropriate value.

Frequently asked questions

What is the current guideline value of Lime Kiln Street?

The current guideline value of Lime Kiln Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 743 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 788%.

What are the other streets in Aminjikarai with their guideline values?

Other streets in Aminjikarai include Lakshmi Talkies Road at Rs 14,300 per sq.ft, K.V.N.Puram at Rs 3,300 per sq.ft, and several others, all with varying guideline values for 2024.

What is the stamp duty for property in Lime Kiln Street?

The stamp duty for property in Lime Kiln Street is calculated at 7% of the guideline value. For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

Which Sub Registrar Office covers Lime Kiln Street?

The AnnaNagar Sub Registrar Office covers Lime Kiln Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.