Guideline Value for AMARJOTHI GARDEN

Amarjothi Garden guideline value

The current guideline value of Amarjothi Garden is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Ward - M village, under the Tiruppur Joint II SRO, and is classified as Residential Class III Type - I.

How the guideline value of Amarjothi Garden has changed

The guideline value for Amarjothi Garden has experienced several revisions over the years. The 2007 revision set the guideline value at Rs 390 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012, marking a rise of 182%. However, this value dropped to Rs 737 per sq.ft in 2017, a decrease of 33%. The 2023 revision brought it back up to Rs 1,100 per sq.ft, and the most recent 2024 revision set it at Rs 1,210 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 210%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, and Amarjothi Garden's 2024 figure is above this median.

• Alangadu Municipal Colony: Rs 880 per sq.ft (2024)
• Alangadu Madan Kovilstreet: Rs 825 per sq.ft (2024)
• Alangadu Koil Street: Rs 880 per sq.ft (2024)
• Alangadu Huts West: Rs 880 per sq.ft (2024)
• Alangadu Huts South: Rs 880 per sq.ft (2024)
• Alangadu Bleaching Factory Road: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total cost for these fees to Rs 1,08,900. It is important 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 details.

Which Sub Registrar Office covers Amarjothi Garden?

The Amarjothi Garden area is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - M

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - M. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is registered correctly and that all applicable fees are collected according to the established guidelines.

Frequently asked questions

What is the current guideline value of Amarjothi Garden?

The current guideline value of Amarjothi Garden is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 390 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 210%.

What is the land classification for Amarjothi Garden?

Amarjothi Garden is classified as Residential Class III Type - I, indicating its suitability for residential development.

What is the registration office for Amarjothi Garden?

The registration office for Amarjothi Garden is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Amarjothi Garden?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.