Guideline Value for AMARAVATHI NAGAR

Amaravathi Nagar guideline value

The current guideline value of Amaravathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Muthanampalayam village under the Tiruppur Joint I SRO, classified as Residential Special Type - IV.

How the guideline value of Amaravathi Nagar has changed

In the 2012 revision, the guideline value was Rs 150 per sq.ft. This increased to Rs 100 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 600%, bringing it to Rs 700 per sq.ft. The guideline value remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision.

The overall change from the 2012 revision to the 2024 revision is an increase of 367%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Muthanampalayam

In Muthanampalayam village, there are 178 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current value of Amaravathi Nagar.

• Ambal Nagar: Rs 700 per sq.ft (2024)
• Alagapuri Nagar: Rs 708 per sq.ft (2024)
• Amman Nagar: Rs 708 per sq.ft (2024)
• A.I.B.E.A Nagr: Rs 708 per sq.ft (2024)
• A.I.B.E.A Nagar Ext: Rs 711 per sq.ft (2024)
• Andhithottam: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Amaravathi Nagar?

The Sub Registrar Office that covers Amaravathi Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Muthanampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value as it directly influences the financial obligations during registration. Buyers should ensure that they are prepared for these costs, which are determined by the guideline value set by the registration department.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar?

The current guideline value of Amaravathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, representing an overall increase of 367% over this period.

What is the registration office for Amaravathi Nagar?

The registration office for Amaravathi Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What are the stamp duty and registration fees for property in Amaravathi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. Buyers and sellers must consider this value as it impacts the overall costs involved in the registration process.