Guideline Value for Solai Amman Koil Street

Solai Amman Koil Street guideline value

The current guideline value of Solai Amman Koil Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Solai Amman Koil Street has changed

The guideline value for Solai Amman Koil Street has seen several revisions over the years. In 2003, the value was Rs 465 per sq.ft, which increased to Rs 1,200 per sq.ft by 2007. The value then rose significantly to Rs 4,500 per sq.ft in 2012, before dropping to Rs 3,015 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 4,500 per sq.ft, and as of July 2024, it is now Rs 4,900 per sq.ft.

Between these revisions, the changes were notable. The increase from 2017 to 2023 was +49%, while the value dropped by -33% from 2012 to 2017. The rise from 2007 to 2012 was +275%, and from 2003 to 2007, it increased by +158%. Overall, from 2003 to 2024, the guideline value has increased by +954%. The register has no figure for this street for the year 2002.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Solai Amman Koil Street.

• Solai 4th Street: Rs 4,900 per sq.ft (2024)
• Solai 3rd Street: Rs 4,900 per sq.ft (2024)
• Solai 2nd Street: Rs 4,900 per sq.ft (2024)
• Solai 1st Street: Rs 4,900 per sq.ft (2024)
• Solai Street: Rs 4,900 per sq.ft (2024)
• Somaiah Raja Street, Chennai 82: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Solai Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please 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 Solai Amman Koil Street?

Solai Amman Koil Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. It is important for buyers to be aware of the current guideline value, as this will directly impact the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Solai Amman Koil Street?

The current guideline value of Solai Amman Koil Street is Rs 4,900 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 465 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of +954% over this period.

What is the land classification for Solai Amman Koil Street?

Solai Amman Koil Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Solai Amman Koil Street?

The registration office covering Solai Amman Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in Ayanavaram?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 49,00,000, the total fees would amount to Rs 4,41,000.