Guideline Value for AMARAVATHI NAGAR

Amaravathi Nagar guideline value

The current guideline value of Amaravathi Nagar is Rs 715 per sq.ft, effective from 1 July 2024. This locality is situated in Veerapandi village, under the Nallur_Tiruppur 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 significant changes over the years. In the 2007 revision, the value was Rs 160 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a 25% rise. The 2017 revision set the value at Rs 214 per sq.ft, reflecting a 7% increase from the previous revision. The 2023 revision brought the guideline value to Rs 700 per sq.ft, a substantial increase of 227% since 2017. The latest revision in 2024 has further raised the value to Rs 715 per sq.ft, a 2% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 347%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 709 per sq.ft, placing Amaravathi Nagar's 2024 figure above that median.

• Amaravathi Nagar Extn.: Rs 715 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): 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

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 at 7% would be Rs 50,050, and the registration fee at 2% would be Rs 14,300, bringing the total cost for these fees to Rs 64,350. It is important to note that 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 Amaravathi Nagar area falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar?

The current guideline value of Amaravathi Nagar 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 significantly from Rs 160 per sq.ft in 2007 to Rs 715 per sq.ft in 2024, reflecting an overall increase of 347% over the years.

What is the registration office for Amaravathi Nagar?

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

How is stamp duty calculated in Amaravathi Nagar?

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

What are the other streets with similar guideline values in Veerapandi?

Other streets in Veerapandi include Amaravathi Nagar Extn. and Amaravathi Nagar Extn (Part II), both at Rs 715 per sq.ft, along with several others at varying rates.