Guideline Value for AMARJOTHI NAGAR

Amarjothi Nagar guideline value

The current guideline value of Amarjothi Nagar is Rs 711 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village and falls under the Tiruppur Joint II SRO. The land classification for this locality is Residential Class II Type - II.

How the guideline value of Amarjothi Nagar has changed

The guideline value for Amarjothi Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, from 2012 to 2017, there was a significant decrease, bringing the value down to Rs 335 per sq.ft. The value then rose again to Rs 500 per sq.ft in 2023, and most recently, it has increased to Rs 711 per sq.ft in the 2024 revision, marking a 42% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 137%. The revisions for the years 2002 and 2003 have no figures listed for this street in the register.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, which is equal to the current guideline value of Amarjothi Nagar.

• Amarjothi Garden: 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value amounts to Rs 7,11,000. The stamp duty, charged at 7%, would be Rs 49,770, while the registration fee at 2% would be Rs 14,220. Together, the total cost for these fees would be Rs 63,990. It is important to note that 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 Nagar?

The Sub Registrar Office that covers Amarjothi Nagar 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 more details.

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

The guideline value plays a crucial role in the property registration process in Velampalayam. It serves as a benchmark for determining the minimum value of property transactions, ensuring that properties are not sold for less than the stipulated guideline value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions. This helps maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Amarjothi Nagar?

The current guideline value of Amarjothi Nagar 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 significantly from Rs 300 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, marking an overall increase of 137% over the years.

What is the land classification of Amarjothi Nagar?

Amarjothi Nagar is classified as Residential Class II Type - II, indicating its designation for residential use.

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

For a property valued at Rs 7,11,000, the stamp duty would be Rs 49,770 and the registration fee would be Rs 14,220, totaling Rs 63,990.

Which office handles registrations for Amarjothi Nagar?

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