Guideline Value for AMARJOTHI SATHYAMOORTHI NAGAR

Amarjothi Sathyamoorthi Nagar guideline value

The current guideline value of Amarjothi Sathyamoorthi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under Ward - G in the Tiruppur Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Amarjothi Sathyamoorthi Nagar has changed

Over the years, the guideline value of Amarjothi Sathyamoorthi Nagar has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 385 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, but then dropped to Rs 536 per sq.ft in 2017. The 2023 revision saw a rise to Rs 800 per sq.ft, and currently, in 2024, it stands at Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The 2007 to 2012 period showed a significant increase of 108%, while the 2012 to 2017 period saw a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 129%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - G

In Ward - G, there are 134 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,650 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the current figure for Amarjothi Sathyamoorthi Nagar.

• Anna Nagar: Rs 706 per sq.ft (2024)
• Balaji Layout: Rs 880 per sq.ft (2024)
• Balajinagar: Rs 880 per sq.ft (2024)
• Balaji Nagar 1 Nd Street: Rs 880 per sq.ft (2024)
• Balaji Nagar 2nd Street: Rs 880 per sq.ft (2024)
• Balaji Nagar Extension: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Sathyamoorthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amarjothi Sathyamoorthi Nagar?

The Sub Registrar Office that covers Amarjothi Sathyamoorthi Nagar is the Tiruppur Joint II 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 information.

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

The guideline value plays a crucial role during property registration in Ward - G. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Amarjothi Sathyamoorthi Nagar?

The current guideline value of Amarjothi Sathyamoorthi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 385 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 129% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000, with stamp duty at Rs 61,600 and registration fees at Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Amarjothi Sathyamoorthi Nagar?

The Tiruppur Joint II Sub Registrar Office covers Amarjothi Sathyamoorthi Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Amarjothi Sathyamoorthi Nagar?

Amarjothi Sathyamoorthi Nagar is classified as Residential Class I Type - I.