Guideline Value for AMARAVATHI STREET

Amaravathi Street guideline value

The current guideline value of Amaravathi Street is Rs 1,014 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village, under the Thondamuthur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Amaravathi Street has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This value decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 199%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 has set the value at Rs 1,014 per sq.ft, marking a 1% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Amaravathi Street. Overall, from 2012 to 2024, the guideline value has increased by 103%.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,014 per sq.ft, which is equal to the guideline value of Amaravathi Street.

• Alamelu Mangai Avenue: Rs 1,006 per sq.ft (2024)
• Ajjanur Harijana Colony: Rs 1,019 per sq.ft (2024)
• Amman Nager: Rs 1,004 per sq.ft (2024)
• Anandam Nagar: Rs 1,014 per sq.ft (2024)
• Annai Velangani Nager: Rs 1,006 per sq.ft (2024)
• ANNA NAGAR 1st STREET: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value would be Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280. Together, these fees amount to Rs 91,260. It is important to note that the 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 Street?

The Sub Registrar Office covering Amaravathi Street is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Veerakeralam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers should be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value is compared to the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amaravathi Street?

The current guideline value of Amaravathi Street is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 500 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, with notable increases in 2017 and 2023.

What is the land classification for Amaravathi Street?

Amaravathi Street is classified as Residential Class II Type - II under the Thondamuthur SRO.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.

How is stamp duty calculated for properties in Amaravathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 10,14,000, the stamp duty at 7% would be Rs 70,980.