Guideline Value for AMMA AVENUE

Amma Avenue guideline value

The current guideline value of Amma Avenue is Rs 340 per sq.ft, effective from 1 July 2024. This street is located in Perianaickenpalayam village under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - I.

How the guideline value of Amma Avenue has changed

The guideline value for Amma Avenue has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 300 per sq.ft. In 2017, this figure decreased to Rs 201 per sq.ft, marking a decline of 33%. The value then increased to Rs 300 per sq.ft in 2023, followed by a rise to Rs 340 per sq.ft in 2024, reflecting a 13% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 13%. The most significant change occurred between 2017 and 2023, where the value rose by 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that have a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which means Amma Avenue's 2024 figure is below that median.

• Amirthanandamayee Nagar: Rs 500 per sq.ft (2024)
• Ammasai Gounder Veethi: Rs 340 per sq.ft (2024)
• Angalamman Kovil Veethi: Rs 220 per sq.ft (2024)
• Achari Veethi: Rs 280 per sq.ft (2024)
• Anna Nagar: Rs 620 per sq.ft (2024)
• Ashoka Kadai Veethi: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Amma Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value would be Rs 3,40,000. The stamp duty, calculated at 7%, would amount to Rs 23,800, while the registration fee at 2% would be Rs 6,800. Together, these fees total Rs 30,600. 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 Amma Avenue?

The Sub Registrar Office that covers Amma Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when buying or selling property in Perianaickenpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, buyers must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value of Amma Avenue?

The current guideline value of Amma Avenue is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What is the land classification of Amma Avenue?

Amma Avenue is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Amma Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 23,800 and the registration fee would be Rs 6,800, totaling Rs 30,600.

Where is the Sub Registrar Office for Amma Avenue located?

The Sub Registrar Office for Amma Avenue is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.