Guideline Value for Sakthiamman koil st

Sakthiamman koil st guideline value

The current guideline value for Sakthiamman koil st in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO, is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Sakthiamman koil st has changed

The guideline value for Sakthiamman koil st has seen several revisions over the years. The earliest recorded value is from 2007, where it was Rs 100 per sq.ft. This increased significantly to Rs 260 per sq.ft in 2012, marking a 160% rise. However, it then decreased to Rs 174 per sq.ft in 2017, a drop of 33%. The 2023 revision maintained the value at Rs 260 per sq.ft, and the same value was retained in the 2024 revision, showing no change from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 160%. The revisions for the years 2002 and 2003 do not have any figures for this street in the register.

Guideline values in Ammayarkuppam

Ammayarkuppam has 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 is Rs 260 per sq.ft, which is equal to the guideline value for Sakthiamman koil st.

• Sannathi St: Rs 260 per sq.ft (2024)
• Santhan street: Rs 260 per sq.ft (2024)
• Saravanan St: Rs 260 per sq.ft (2024)
• Selva Vinayagar Koil St: Rs 260 per sq.ft (2024)
• Seshappa St: Rs 260 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthiamman koil st

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total to Rs 23,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sakthiamman koil st?

The Sub Registrar Office covering Sakthiamman koil st 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 details.

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

The guideline value is an essential factor in property transactions in Ammayarkuppam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the property is registered at a value recognized by the government.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that both buyers and sellers have a clear understanding of the property's worth according to official records. This transparency aids in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Sakthiamman koil st?

The current guideline value of Sakthiamman koil st is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, before returning to Rs 260 per sq.ft in 2023 and 2024.

What is the land classification for Sakthiamman koil st?

Sakthiamman koil st is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

How is stamp duty calculated for properties in Sakthiamman koil st?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,60,000, the stamp duty would be Rs 18,200 at a rate of 7%.

Where is the Sub Registrar Office for Sakthiamman koil st located?

The Sub Registrar Office for Sakthiamman koil st is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone, under the Ramakrishna Rajupettai SRO.