Guideline Value for AMARJOTHI GARDEN

Amarjothi Garden guideline value

The current guideline value of Amarjothi Garden is Rs 1,155 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Special Type - I.

How the guideline value of Amarjothi Garden has changed

The guideline value for Amarjothi Garden has seen several revisions over the years. In 2007, the value was Rs 130 per sq.ft, which increased significantly to Rs 1,050 per sq.ft in 2012. However, it dropped to Rs 703 per sq.ft in 2017, before rising again to Rs 1,050 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,155 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a remarkable increase of 708%. Overall, from 2007 to 2024, the guideline value has risen by 788%. The register has no figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 714 per sq.ft, placing Amarjothi Garden's 2024 figure above the median.

• Amarjothi Brindhavan Gardens: Rs 712 per sq.ft (2024)
• Amarjothi A.S.Nagar: Rs 1,155 per sq.ft (2024)
• Amarjothi Aruna Nagar: Rs 702 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 Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,155 per sq.ft, the guideline value is Rs 11,55,000. The stamp duty at 7% would be Rs 80,850, and the registration fee at 2% would be Rs 23,100, bringing the total to Rs 1,03,950. 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 Amarjothi Garden?

The Sub Registrar Office that covers Amarjothi Garden is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Nallur. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Amarjothi Garden?

The current guideline value of Amarjothi Garden is Rs 1,155 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 130 per sq.ft in 2007 to Rs 1,155 per sq.ft in 2024, which is an overall increase of 788%.

What are the stamp duty rates for properties in Amarjothi Garden?

The stamp duty for properties in Amarjothi Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Nallur_Tiruppur Sub Registrar Office located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

How is the guideline value determined for properties in Nallur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical price revisions. It is updated periodically to reflect changes in the market.