Guideline Value for AMARJOTHI LAY OUT

Amarjothi Lay Out guideline value

The current guideline value of Amarjothi Lay Out is Rs 840 per sq.ft, effective from 1 July 2024. This property is located in Ward - K village under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Amarjothi Lay Out has changed

The guideline value for Amarjothi Lay Out has seen several revisions over the years. The earliest recorded figure in the register is from 2007, which was Rs 605 per sq.ft. In 2012, it increased to Rs 750 per sq.ft, followed by a decrease to Rs 502 per sq.ft in 2017. The 2023 revision set the value at Rs 750 per sq.ft, which then increased to Rs 840 per sq.ft in 2024, marking a 12% rise from the previous year.

Between the revisions, the changes were as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 12%. Overall, from 2007 to 2024, the guideline value has increased by 39%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that have a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, making the guideline value of Amarjothi Lay Out below that median.

• Alagiri Nagar (Thiyagi Kumaran Colony Extn): Rs 840 per sq.ft (2024)
• Alagiri Nagar: Rs 840 per sq.ft (2024)
• Anaipalayam: Rs 840 per sq.ft (2024)
• Anaipalayam Nathakadu: Rs 840 per sq.ft (2024)
• ARUGOMBAI 1ST to 4th STREET: Rs 1,120 per sq.ft (2024)
• Arugombai Mettupalayam (Mettuppallam): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Lay Out

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Amarjothi Lay Out?

The Sub Registrar Office that covers Amarjothi Lay Out is the Tiruppur Joint I 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 details.

How the guideline value is used when you buy or sell in Ward - K

The guideline value is a crucial factor during property transactions in Ward - K, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amarjothi Lay Out?

The current guideline value of Amarjothi Lay Out is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with several revisions in between, including an increase of 12% from 2023 to 2024.

What is the land classification of Amarjothi Lay Out?

Amarjothi Lay Out is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in Amarjothi Lay Out?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which office handles the registration for Amarjothi Lay Out?

The Tiruppur Joint I Sub Registrar Office handles the registration for Amarjothi Lay Out, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.