Guideline Value for AMMAN KOIL STREET

Amman Koil Street guideline value

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

How the guideline value of Amman Koil Street has changed

The guideline value of Amman Koil Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision saw a significant rise to Rs 400 per sq.ft, followed by another increase to Rs 709 per sq.ft in 2024, marking a change of +77% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +136%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO with 2024 guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 711 per sq.ft, placing Amman Koil Street's 2024 figure below this median.

• Ammaippan Nagar: 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)
• Amman Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)
• Amman Street: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value would be Rs 7,09,000. The stamp duty at 7% would amount to Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total fees together to Rs 63,810. It is important to note that 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 Amman Koil Street?

The Sub Registrar Office that covers Amman Koil Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 key factor in the registration process when buying or selling property in Velampalayam. It determines the minimum value at which the property must be registered, ensuring that the transaction is recorded at a fair price.

When you register a property, the stamp duty and registration fees are calculated 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 Amman Koil Street?

The current guideline value of Amman Koil Street 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, reflecting an overall increase of +136% over the years.

What is the registration office for Amman Koil Street?

The registration office for Amman Koil Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty and registration fees for a property on Amman Koil Street?

For a property valued at Rs 7,09,000, the stamp duty would be Rs 49,630 and the registration fee would be Rs 14,180, totaling Rs 63,810.

Where can I find more information about guideline values in Velampalayam?

More information about guideline values in Velampalayam can be found in the Registration Department's guideline value register (TNReginet) or by checking the local Sub Registrar Office.