Guideline Value for AMARJOTHI LAKSHMI NAGAR

Amarjothi Lakshmi Nagar guideline value

The current guideline value of Amarjothi Lakshmi Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This locality is situated in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Amarjothi Lakshmi Nagar has changed

Over the years, the guideline value of Amarjothi Lakshmi Nagar has undergone several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which was then adjusted to Rs 167 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, reflecting an increase of 319%. The latest revision in 2024 has raised the guideline value to Rs 708 per sq.ft, a modest increase of 1% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 183%.

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, positioning Amarjothi Lakshmi Nagar's 2024 figure below this median.

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

Stamp duty and registration fee for property in Amarjothi Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, totaling Rs 63,720. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amarjothi Lakshmi Nagar?

The Sub Registrar Office that covers Amarjothi Lakshmi Nagar 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 information.

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 fee that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amarjothi Lakshmi Nagar?

The current guideline value of Amarjothi Lakshmi Nagar is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, with notable increases in 2017 and 2023.

What is the land classification of Amarjothi Lakshmi Nagar?

Amarjothi Lakshmi Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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 stamp duty calculated in Nallur?

Stamp duty in Nallur is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct amount is paid during the registration process.