Guideline Value for AMARAVATHI NAGAR EXTN (PART II)

Amaravathi Nagar Extn (Part II) guideline value

The current guideline value of Amaravathi Nagar Extn (Part II) is Rs 715 per sq.ft. This area is located in Veerapandi village and falls under the Nallur_Tiruppur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Amaravathi Nagar Extn (Part II) has changed

The guideline value for Amaravathi Nagar Extn (Part II) has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 320 per sq.ft. This value decreased to Rs 214 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, marking a 227% rise. The most recent revision, effective from 1 July 2024, has set the guideline value at Rs 715 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 123%.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 709 per sq.ft, placing Amaravathi Nagar Extn (Part II) above this median.

• Amaravathi Nagar Extn.: Rs 715 per sq.ft (2024)
• Amaravathi Nagar: Rs 715 per sq.ft (2024)
• Alankadu: Rs 713 per sq.ft (2024)
• AMBEDKAR COLONY (Sundamedu): Rs 700 per sq.ft (2024)
• Ambethkar Nagar: Rs 708 per sq.ft (2024)
• Amman Kovil North Street: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Nagar Extn (Part II)

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value amounts to Rs 7,15,000. The stamp duty, charged at 7%, would be Rs 50,050, and the registration fee, at 2%, would be Rs 14,300, bringing the total charges to Rs 64,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amaravathi Nagar Extn (Part II)?

The Sub Registrar Office that covers Amaravathi Nagar Extn (Part II) is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in accordance with the established rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar Extn (Part II)?

The current guideline value of Amaravathi Nagar Extn (Part II) is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2012 to Rs 214 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 715 per sq.ft in 2024.

What is the land classification for Amaravathi Nagar Extn (Part II)?

The land classification for Amaravathi Nagar Extn (Part II) is Residential Class II Type - I.

What is the median guideline value for streets in Veerapandi?

The median guideline value for streets in Veerapandi is Rs 709 per sq.ft, with Amaravathi Nagar Extn (Part II) being above this median at Rs 715 per sq.ft.

Where is the Sub Registrar Office for Amaravathi Nagar Extn (Part II) located?

The Sub Registrar Office for Amaravathi Nagar Extn (Part II) is located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.