Guideline Value for AMMAN KOVIL STREET WARD-15

Amman Kovil Street Ward-15 guideline value

The current guideline value of Amman Kovil Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in West_komaralingam village and falls under the Kaniyur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Amman Kovil Street Ward-15 has changed

The guideline value for Amman Kovil Street Ward-15 has seen several revisions over the years. In 2007, the value was Rs 40 per sq.ft, which increased significantly to Rs 160 per sq.ft in 2012, marking a rise of 300%. However, from 2012 to 2017, the value decreased to Rs 107 per sq.ft, a drop of 33%. The most recent revision in 2023 maintained the value at Rs 200 per sq.ft, which has remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 87%, bringing it back to Rs 200 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 400%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median of Rs 200 per sq.ft. Amman Kovil Street Ward-15's 2024 figure is equal to this median.

• Amman Kovil Street Ward-10: Rs 200 per sq.ft (2024)
• Annanagar Ward-12: Rs 200 per sq.ft (2024)
• Anna Street Ward-15: Rs 200 per sq.ft (2024)
• Arunachalam Street Ward-15: Rs 200 per sq.ft (2024)
• Bharathiyar Street Ward-13: Rs 200 per sq.ft (2024)
• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Kovil Street Ward-15

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Kovil Street Ward-15?

The Sub Registrar Office that covers Amman Kovil Street Ward-15 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in West_komaralingam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Kovil Street Ward-15?

The current guideline value of Amman Kovil Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the land classification for Amman Kovil Street Ward-15?

The land classification for Amman Kovil Street Ward-15 is Residential Class III Type - V.

Where can I find the Sub Registrar Office for Amman Kovil Street Ward-15?

The Sub Registrar Office for Amman Kovil Street Ward-15 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203.

How is stamp duty calculated for properties in Amman Kovil Street Ward-15?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a stamp duty of Rs 14,000.