Guideline Value for AMARAVATHI NAGAR

Amaravathi Nagar guideline value

The current guideline value of Amaravathi Nagar is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Amaravathi Nagar has changed

The guideline value for Amaravathi Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 110 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value rose again to Rs 400 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 448 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2024, the overall change in the guideline value is +307%. The increase from 2023 to 2024 is +12%, and the rise from 2017 to 2023 is +49%. Notably, the 2012 to 2017 period saw a decrease of -33%, while the jump from 2007 to 2012 was a remarkable +264%.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with the 2024 guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median value for these streets is Rs 448 per sq.ft, placing Amaravathi Nagar's 2024 figure at this median.

• Amarjothi Gardan: Rs 334 per sq.ft (2024)
• Agragaravethi Street: Rs 1,120 per sq.ft (2024)
• AGILANDAPURAM Road: Rs 832 per sq.ft (2024)
• Agilandapuram: Rs 336 per sq.ft (2024)
• Agasthilingampalayam Road: Rs 448 per sq.ft (2024)
• Agasthilingampalayam ( North): Rs 616 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty, charged at 7%, would be Rs 31,360, while the registration fee at 2% would be Rs 8,960. Together, this totals Rs 40,320. 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 details.

Which Sub Registrar Office covers Amaravathi Nagar?

The Sub Registrar Office that covers Amaravathi Nagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kangeyam. It is used as a benchmark for determining the stamp duty and registration fees when buying or selling property. The guideline value is essential for the registration process, ensuring that the property is valued correctly for taxation purposes.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar?

The current guideline value of Amaravathi Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 448 per sq.ft in 2024, reflecting an overall increase of +307% over the years.

What is the land classification of Amaravathi Nagar?

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

Where is the Kangeyam Sub Registrar Office located?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is stamp duty calculated in Amaravathi Nagar?

Stamp duty in Amaravathi Nagar is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.