Guideline Value for AMARJOTHI S.S.M. NAGAR

Amarjothi S.S.M. Nagar guideline value

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

How the guideline value of Amarjothi S.S.M. Nagar has changed

The guideline value of Amarjothi S.S.M. Nagar has seen significant changes over the years. In 2012, the guideline value was Rs 570 per sq.ft. This figure increased to Rs 703 per sq.ft in 2017, marking a 23% rise. The value then saw a substantial jump to Rs 1,050 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 1,155 per sq.ft, reflecting a 10% increase from 2023. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 103%, showcasing a steady rise in property valuation in this area.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median value for these streets is Rs 714 per sq.ft, placing Amarjothi S.S.M. Nagar's 2024 figure above this median.

• Amarjothi Rathinagiriswarar Nagar: Rs 708 per sq.ft (2024)
• Amarjothi Pon Nagar: Rs 721 per sq.ft (2024)
• Amarjothi Pattatharasiamman Garden Extension: Rs 1,155 per sq.ft (2024)
• Amarjothi Pattatharasiamman Garden: Rs 1,155 per sq.ft (2024)
• Amarjothi Narayansamy 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 S.S.M. 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, totaling Rs 1,03,950. It is important to note that the 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 S.S.M. Nagar?

The Sub Registrar Office that covers Amarjothi S.S.M. 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 is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's valuation.

Frequently asked questions

What is the current guideline value of Amarjothi S.S.M. Nagar?

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

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 570 per sq.ft to Rs 1,155 per sq.ft in 2024, representing an overall increase of 103% over this period.

What is the registration fee for property in Amarjothi S.S.M. Nagar?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,55,000, the registration fee would be Rs 23,100.

Which Sub Registrar Office handles registrations for Amarjothi S.S.M. Nagar?

The Nallur_Tiruppur Sub Registrar Office handles registrations for Amarjothi S.S.M. Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

What are the other streets in Nallur with guideline values?

Other streets in Nallur include Amarjothi Rathinagiriswarar Nagar at Rs 708 per sq.ft, Amarjothi Pon Nagar at Rs 721 per sq.ft, and several others, with values ranging up to Rs 1,155 per sq.ft.