Guideline Value for AMARJOTHI GARDEN

Amarjothi Garden guideline value

The current guideline value for Amarjothi Garden is Rs 711 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village under the Tiruppur Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Amarjothi Garden has changed

The guideline value for Amarjothi Garden has seen several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in the 2012 revision. However, it then decreased to Rs 335 per sq.ft in the 2017 revision. The 2023 revision marked a significant increase to Rs 500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 711 per sq.ft. The changes between these revisions include a +67% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +42% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, the guideline value has increased by +137% from 2007 to 2024.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with the median value being Rs 711 per sq.ft. The guideline value for Amarjothi Garden is equal to this median value.

• Amarjothi Nagar: Rs 711 per sq.ft (2024)
• Ammaippan Nagar: Rs 709 per sq.ft (2024)
• Amman Koil Street: Rs 709 per sq.ft (2024)
• Amman Nagar: Rs 712 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 712 per sq.ft (2024)
• Amman Nagar 2nd Street: Rs 712 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 711 per sq.ft, the total guideline value would be Rs 7,11,000. The stamp duty at 7% would amount to Rs 49,770, and the registration fee at 2% would be Rs 14,220, totaling Rs 63,990. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amarjothi Garden?

The Sub Registrar Office that covers Amarjothi Garden is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency and fairness in real estate dealings.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Amarjothi Garden?

The current guideline value of Amarjothi Garden is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, reflecting an overall increase of +137% over this period.

What are the stamp duty and registration fees for property in Amarjothi Garden?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,990.

Which Sub Registrar Office covers Amarjothi Garden?

The Tiruppur Joint II Sub Registrar Office covers Amarjothi Garden, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of Amarjothi Garden?

Amarjothi Garden is classified as Residential Class II Type - II, which indicates its suitability for residential development.