Guideline Value for AMEER LAY OUT

Ameer Lay Out guideline value

The current guideline value of Ameer Lay Out, located in Ward - E village under the Udumalpettai SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Ameer Lay Out has changed

The guideline value for Ameer Lay Out has undergone several revisions over the years. In 2012, the value was Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017. Following this, the value increased significantly to Rs 450 per sq.ft in 2023, and further rose to the current rate of Rs 500 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - E

In total, there are 49 streets in Ward - E under the Udumalpettai SRO that carry a guideline value for 2024, ranging from Rs 380 to Rs 1,350 per sq.ft. The median value is Rs 500 per sq.ft, making Ameer Lay Out's current guideline value equal to this median.

• Amanalinga Lay Out: Rs 660 per sq.ft (2024)
• Angappan Lane: Rs 380 per sq.ft (2024)
• Annapoorani Layout: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 380 per sq.ft (2024)
• Chairman Ramasamy Nagar: Rs 500 per sq.ft (2024)
• Chinnasamy Layout: Rs 775 per sq.ft (2024)

Stamp duty and registration fee for property in Ameer Lay Out

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ameer Lay Out?

Ameer Lay Out falls under the jurisdiction of the Udumalpettai Sub Registrar Office. The address is Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions within Ward - E. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ameer Lay Out?

The current guideline value of Ameer Lay Out is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the land classification for Ameer Lay Out?

Ameer Lay Out is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Ameer Lay Out?

The Sub Registrar Office covering Ameer Lay Out is located at Sub Registrar Office, Udumalpet, 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ameer Lay Out?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.