Guideline Value for AMARAN JAIPRAKASH STREET

Amaran Jaiprakash Street guideline value

The current guideline value of Amaran Jaiprakash Street is Rs 1,050 per sq.ft, effective from 1 July 2024. This street is located in Naranapuram village under the Palladam Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Amaran Jaiprakash Street has changed

The guideline value for Amaran Jaiprakash Street has seen several revisions over the years. The oldest available figure is from the 2012 revision, which was Rs 950 per sq.ft. This was followed by a decrease to Rs 636 per sq.ft in the 2017 revision. The value then increased significantly to Rs 950 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,050 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023, but it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Naranapuram

Naranapuram has a total of 64 streets under the Palladam SRO that carry a 2024 guideline value ranging from Rs 301 to Rs 1,060 per sq.ft, with a median value of Rs 445 per sq.ft. The guideline value of Amaran Jaiprakash Street is above this median.

• Adhi Thiravidar Street: Rs 301 per sq.ft (2024)
• Abirami Nagar-3: Rs 720 per sq.ft (2024)
• Abirami Nagar-2: Rs 720 per sq.ft (2024)
• Abirami Nagar-1: Rs 720 per sq.ft (2024)
• Annamalai Nagar: Rs 445 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Amaran Jaiprakash Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,050 per sq.ft, the total guideline value would be Rs 10,50,000. The stamp duty at 7% would amount to Rs 73,500, and the registration fee at 2% would be Rs 21,000, bringing the total fees together to Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amaran Jaiprakash Street?

The Amaran Jaiprakash Street falls under the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naranapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded accurately and reflects the current market conditions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amaran Jaiprakash Street?

The current guideline value of Amaran Jaiprakash Street is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 950 per sq.ft in 2012 to Rs 636 per sq.ft in 2017, then increased to Rs 950 per sq.ft in 2023, and finally to Rs 1,050 per sq.ft in 2024.

What is the land classification of Amaran Jaiprakash Street?

Amaran Jaiprakash Street is classified as Commercial Class I Type - I.

Where is the Palladam Sub Registrar Office located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is the stamp duty calculated for properties in Naranapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,50,000, the stamp duty would be Rs 73,500 at 7%.