Guideline Value for AMARJOTHI PON NAGAR

Amarjothi Pon Nagar guideline value

The current guideline value of Amarjothi Pon Nagar is Rs 721 per sq.ft, effective from 1 July 2024. This area is located in Nallur village and falls under the Nallur_Tiruppur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Amarjothi Pon Nagar has changed

The guideline value for Amarjothi Pon Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased to Rs 570 per sq.ft in 2012. However, there was a decrease to Rs 382 per sq.ft in the 2017 revision. Following that, the value rose significantly to Rs 700 per sq.ft in 2023, and currently stands at Rs 721 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2007 to 2012, the value increased by 128%, but then it decreased by 33% from 2012 to 2017. The value surged by 83% from 2017 to 2023, and the latest increase from 2023 to 2024 is 3%. Overall, from 2007 to 2024, the guideline value has increased by 188%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO that have 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 for Amarjothi Pon Nagar is above this median.

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

Stamp duty and registration fee for property in Amarjothi Pon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 721 per sq.ft, the total guideline value would be Rs 7,21,000. The stamp duty at 7% would be Rs 50,470, and the registration fee at 2% would be Rs 14,420, making the total cost for these fees Rs 64,890. 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 information.

Which Sub Registrar Office covers Amarjothi Pon Nagar?

The Sub Registrar Office that covers Amarjothi Pon Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is crucial when registering property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When a property is sold, the guideline value is used to calculate the necessary fees, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amarjothi Pon Nagar?

The current guideline value of Amarjothi Pon Nagar is Rs 721 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 721 per sq.ft in 2024, with several revisions in between, including a notable increase of 83% from 2017 to 2023.

What is the land classification of Amarjothi Pon Nagar?

Amarjothi Pon Nagar is classified as Residential Class I Type - III.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 64,890 based on the current guideline value.

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

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