Guideline Value for AMARJOTHI NARAYANSAMY NAGAR

Amarjothi Narayansamy Nagar guideline value

The current guideline value of Amarjothi Narayansamy Nagar is Rs 1,155 per sq.ft, effective from 1 July 2024. This area is located in Nallur village and falls under the Nallur_Tiruppur SRO, classified as Residential Special Type - I.

How the guideline value of Amarjothi Narayansamy Nagar has changed

The guideline value of Amarjothi Narayansamy Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 325 per sq.ft. This figure increased significantly to Rs 1,050 per sq.ft in 2012, marking a rise of 223%. However, it then decreased to Rs 703 per sq.ft in 2017, a decline of 33%. The value then climbed to Rs 1,050 per sq.ft in 2023, before reaching the current value of Rs 1,155 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 1,050 per sq.ft. The overall change from the 2007 revision to the current 2024 figure is an increase of 255%, highlighting the significant fluctuations in the guideline value over the years. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,764 per sq.ft, with a median value of Rs 714 per sq.ft. The guideline value of Amarjothi Narayansamy Nagar is above this median, indicating a higher value compared to many other streets in the area.

• Amarjothi Pattatharasiamman Garden: Rs 1,155 per sq.ft (2024)
• Amarjothi Pattatharasiamman Garden Extension: Rs 1,155 per sq.ft (2024)
• Amarjothi Pon Nagar: Rs 721 per sq.ft (2024)
• Amarjothi Rathinagiriswarar Nagar: Rs 708 per sq.ft (2024)
• Amarjothi Mullai Nagar: Rs 712 per sq.ft (2024)
• Amarjothi S.S.M. Nagar: Rs 1,155 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Narayansamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,155 per sq.ft, the total guideline value would be Rs 11,55,000. The stamp duty at 7% would amount to Rs 80,850, and the registration fee at 2% would be Rs 23,100, bringing the total to Rs 1,03,950. 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 more details.

Which Sub Registrar Office covers Amarjothi Narayansamy Nagar?

The Sub Registrar Office that covers Amarjothi Narayansamy Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Amarjothi Narayansamy Nagar?

The current guideline value of Amarjothi Narayansamy Nagar is Rs 1,155 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2007 to Rs 1,155 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What are the other streets in Nallur with their guideline values?

Other streets in Nallur include Amarjothi Pattatharasiamman Garden and Amarjothi S.S.M. Nagar, both valued at Rs 1,155 per sq.ft in 2024, while Amarjothi Pon Nagar is valued at Rs 721 per sq.ft.

What is the stamp duty rate for properties in Amarjothi Narayansamy Nagar?

The stamp duty rate for properties in Amarjothi Narayansamy Nagar is 7%, calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Amarjothi Narayansamy Nagar?

The Sub Registrar Office for Amarjothi Narayansamy Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.