Guideline Value for AMIRTHAM APPARTMENT

Amirtham Appartment guideline value

The current guideline value of Amirtham Appartment in Nallur village is Rs 1,155 per sq.ft, effective from 1 July 2024. This property falls under the Nallur_Tiruppur SRO and is classified as Residential Special Type - I.

How the guideline value of Amirtham Appartment has changed

The guideline value for Amirtham Appartment has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 703 per sq.ft. This increased to Rs 1,050 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,155 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with the 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, indicating that Amirtham Appartment's current value is above this median.

• Amarjothi S.S.M. Nagar: Rs 1,155 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Amirtham Appartment

For a 1,000 sq.ft plot at the current guideline value of Rs 1,155 per sq.ft, the total guideline value amounts to Rs 11,55,000. The stamp duty, charged at 7%, would be Rs 80,850, while the registration fee at 2% would be Rs 23,100, bringing the total fees together to Rs 1,03,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amirtham Appartment?

The Amirtham Appartment is covered by 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 plays a crucial role in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amirtham Appartment?

The current guideline value of Amirtham Appartment is Rs 1,155 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 703 per sq.ft in 2017 to Rs 1,050 per sq.ft in 2023, and then to Rs 1,155 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Amirtham Appartment?

Amirtham Appartment is classified as Residential Special Type - I under the Nallur_Tiruppur SRO.

What is the median guideline value for streets in Nallur?

The median guideline value for the 280 streets in Nallur is Rs 714 per sq.ft, with Amirtham Appartment's current value being above this median.

Where can I find the Sub Registrar Office for Amirtham Appartment?

The Sub Registrar Office covering Amirtham Appartment is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.