Guideline Value for AMARAVATHI NAGAR EXTN.

Amaravathi Nagar Extn. guideline value

The current guideline value of Amaravathi Nagar Extn. is Rs 715 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village, under the Nallur_Tiruppur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Amaravathi Nagar Extn. has changed

The guideline value for Amaravathi Nagar Extn. has seen significant changes over the years. In 2012, the guideline value was Rs 200 per sq.ft, which increased to Rs 214 per sq.ft in 2017, marking a 7% rise. Following this, the value surged to Rs 700 per sq.ft in 2023, reflecting a substantial increase of 227%. The most recent revision in 2024 set the guideline value at Rs 715 per sq.ft, a 2% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 258%.

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, with a median value of Rs 709 per sq.ft. The guideline value for Amaravathi Nagar Extn. is above this median.

• Amaravathi Nagar Extn (Part II): 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.

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, calculated at 7%, would be Rs 50,050, while the registration fee at 2% would be Rs 14,300, bringing the total charges to Rs 64,350. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amaravathi Nagar Extn.?

The Sub Registrar Office that covers Amaravathi Nagar Extn. is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, based on the officially assessed value of the property.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar Extn.?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2012 to Rs 715 per sq.ft in 2024, marking an overall increase of 258% over the twelve years.

What is the land classification of Amaravathi Nagar Extn.?

Amaravathi Nagar Extn. is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Amaravathi Nagar Extn.?

The Sub Registrar Office for Amaravathi Nagar Extn. is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

How is stamp duty calculated in Amaravathi Nagar Extn.?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 7,15,000, the stamp duty at 7% would be Rs 50,050.