Guideline Value for AMMAIPPAN NAGAR

Ammaippan Nagar guideline value

The current guideline value of Ammaippan Nagar is Rs 709 per sq.ft, effective from 1 July 2024. This locality is situated in Velampalayam village under the Tiruppur Joint II SRO and is classified as Residential Class III Type - I.

How the guideline value of Ammaippan Nagar has changed

Over the years, the guideline value of Ammaippan Nagar has seen significant revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 300 per sq.ft. This figure increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. Following this, the value rose to Rs 400 per sq.ft in 2023, and finally, it reached Rs 709 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw a substantial rise of 77%. Overall, from 2007 to 2024, the guideline value has increased by 136%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Ammaippan Nagar's 2024 figure below this median.

• Amman Koil Street: Rs 709 per sq.ft (2024)
• Amman Nagar: Rs 712 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 712 per sq.ft (2024)
• Amman Nagar 2nd Street: Rs 712 per sq.ft (2024)
• Amarjothi Nagar: Rs 711 per sq.ft (2024)
• Amman Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaippan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value amounts to Rs 7,09,000. The stamp duty at 7% would be Rs 49,630, and the registration fee at 2% would be Rs 14,180, making the total charges Rs 63,810. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ammaippan Nagar?

The Sub Registrar Office that covers Ammaippan Nagar is the Tiruppur Joint II 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 Velampalayam

The guideline value is a crucial factor in the registration of properties in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the government. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ammaippan Nagar?

The current guideline value of Ammaippan Nagar is Rs 709 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 2007 to Rs 709 per sq.ft in 2024, with various revisions occurring in between.

What are the other streets in Velampalayam with their guideline values?

Other streets in Velampalayam include Amman Koil Street at Rs 709 per sq.ft, Amman Nagar at Rs 712 per sq.ft, and Amarjothi Nagar at Rs 711 per sq.ft, among others.

What is the registration fee for a property in Ammaippan Nagar?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 7,09,000, the registration fee would be Rs 14,180.

Where can I find the Sub Registrar Office for Ammaippan Nagar?

The Sub Registrar Office for Ammaippan Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.