Guideline Value for NEENJILI AMMAN KOIL STRET (WARD-21)

Neenjili Amman Koil Stret (Ward-21) guideline value

The current guideline value of Neenjili Amman Koil Stret (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Neenjili Amman Koil Stret (Ward-21) has changed

The guideline value for Neenjili Amman Koil Stret (Ward-21) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This value remained the same in the 2012 revision, but in 2017, it decreased to Rs 402 per sq.ft, marking a decline of 33%. In the 2023 revision, the value increased significantly to Rs 600 per sq.ft, and further rose to Rs 660 per sq.ft in the 2024 revision, showing a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial rise in the guideline value within that period. The current value of Rs 660 per sq.ft is the highest recorded for this street since the 2012 revision.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, indicating that Neenjili Amman Koil Stret's 2024 figure is below this median.

• Nehru Street(Ward-21): Rs 660 per sq.ft (2024)
• Narasimman Street (Ward-21): Rs 660 per sq.ft (2024)
• Narasimman Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Nandhakumar Street, Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Muthulinga Devar Street (Ward-21): Rs 660 per sq.ft (2024)
• Ottakoothar Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Neenjili Amman Koil Stret (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important 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 Neenjili Amman Koil Stret (Ward-21)?

The Neenjili Amman Koil Stret (Ward-21) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration of property transactions in Vallancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transfer of ownership. This ensures that all transactions are recorded accurately and reflect the current market conditions as per the established guidelines.

Frequently asked questions

What is the current guideline value of Neenjili Amman Koil Stret (Ward-21)?

The current guideline value of Neenjili Amman Koil Stret (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Neenjili Amman Koil Stret (Ward-21)?

The land classification for Neenjili Amman Koil Stret (Ward-21) is Residential Class II Type - I.

What is the stamp duty for property in Neenjili Amman Koil Stret (Ward-21)?

The stamp duty for property in Neenjili Amman Koil Stret (Ward-21) is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Neenjili Amman Koil Stret (Ward-21)?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, handles registrations for Neenjili Amman Koil Stret (Ward-21).