Guideline Value for AMIRTHA GARDEN

Amirtha Garden guideline value

The current guideline value for Amirtha Garden is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Mangalam village, under the Tiruppur Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amirtha Garden has changed

In the 2012 revision, the guideline value was set at Rs 130 per sq.ft. This figure increased to Rs 151 per sq.ft in 2017, marking a change of 16%. The subsequent revision in 2023 saw a significant increase to Rs 226 per sq.ft, which is a 50% rise from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 250 per sq.ft, reflecting an 11% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 92%.

Guideline values in Mangalam

In Mangalam, there are 89 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 145 to Rs 550 per sq.ft. The median value for these streets is Rs 205 per sq.ft, placing Amirtha Garden's 2024 figure above that median.

• Agragharapudur: Rs 165 per sq.ft (2024)
• Apples Park: Rs 165 per sq.ft (2024)
• Ashma Garden: Rs 250 per sq.ft (2024)
• A.S.M. Gardan: Rs 260 per sq.ft (2024)
• Avinasiappa Nagar: Rs 250 per sq.ft (2024)
• Best Gardens: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Amirtha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which equals Rs 17,500, and the registration fee is 2%, amounting to Rs 5,000. Together, the total cost for stamp duty and registration fee would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amirtha Garden?

The Sub Registrar Office covering Amirtha Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations accurately.

Frequently asked questions

What is the current guideline value for Amirtha Garden?

The current guideline value for Amirtha Garden is Rs 250 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 130 per sq.ft to Rs 250 per sq.ft in 2024, reflecting a total increase of 92% over this period.

What is the registration office for Amirtha Garden?

The registration office for Amirtha Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Amirtha Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at a rate of 7%.

What are other streets in Mangalam with guideline values?

Other streets in Mangalam include Agragharapudur and Apples Park, both valued at Rs 165 per sq.ft, and Ashma Garden, Avinasiappa Nagar, and Best Gardens, all valued at Rs 250 per sq.ft.