Guideline Value for AMARJOTHI BRINDHAVAN GARDENS

Amarjothi Brindhavan Gardens guideline value

The current guideline value of Amarjothi Brindhavan Gardens is Rs 712 per sq.ft, effective from 1 July 2024. This property is located in Nallur village under the Nallur_Tiruppur SRO, classified as Residential Class III Type - I.

How the guideline value of Amarjothi Brindhavan Gardens has changed

The guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 325 per sq.ft, which then decreased to Rs 218 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, marking a rise of 221%. The most recent 2024 revision has further increased the guideline value to Rs 712 per sq.ft, which is 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 119%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Amarjothi Brindhavan Gardens below that median.

• Amarjothi A.S.Nagar: Rs 1,155 per sq.ft (2024)
• Amarjothi Aruna Nagar: Rs 702 per sq.ft (2024)
• Amarjothi Garden: Rs 1,155 per sq.ft (2024)
• Amarjothi Lakshmi Nagar: Rs 708 per sq.ft (2024)
• Amarjothi Mullai Nagar: Rs 712 per sq.ft (2024)
• Amarjothi Narayansamy Nagar: Rs 1,155 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Brindhavan Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 712 per sq.ft, the total guideline value amounts to Rs 7,12,000. The stamp duty at 7% would be Rs 49,840, and the registration fee at 2% would be Rs 14,240, making the total cost for these fees Rs 64,080. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amarjothi Brindhavan Gardens?

The Sub Registrar Office that covers Amarjothi Brindhavan Gardens is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Nallur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When you register a property, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amarjothi Brindhavan Gardens?

The current guideline value of Amarjothi Brindhavan Gardens is Rs 712 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 712 per sq.ft in 2024, with significant increases in the intervening years, particularly from 2017 to 2023.

What is the median guideline value for streets in Nallur?

The median guideline value for streets in Nallur is Rs 714 per sq.ft, with Amarjothi Brindhavan Gardens currently below this median.

What are the stamp duty and registration fees for properties in Amarjothi Brindhavan Gardens?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 64,080 based on the current guideline value.

Which Sub Registrar Office covers Amarjothi Brindhavan Gardens?

The Nallur_Tiruppur Sub Registrar Office covers Amarjothi Brindhavan Gardens, located near Hotel Riverview, Nagapattinam 611002.