Guideline Value for AMMAN KOVIL THOTA SANDHU

Amman Kovil Thota Sandhu guideline value

The current guideline value of Amman Kovil Thota Sandhu is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class III Type - V.

How the guideline value of Amman Kovil Thota Sandhu has changed

The guideline value for Amman Kovil Thota Sandhu has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 220 per sq.ft, an increase from Rs 200 per sq.ft in the 2023 revision, marking a 10% rise. Prior to that, in 2017, the value was Rs 100 per sq.ft, indicating a significant increase of 100% from the 2017 figure to the 2023 figure. The 2012 revision recorded a value of Rs 150 per sq.ft, which was a decrease of 33% from the 2017 rate.

Overall, from 2012 to 2024, the guideline value has increased by 47%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerapandi

Veerapandi village has a total of 201 streets under the Periyanayakkan Palayam SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 1,050 per sq.ft. The median value among these streets is Rs 330 per sq.ft, indicating that the guideline value for Amman Kovil Thota Sandhu is below this median.

• Amman Avenue: Rs 235 per sq.ft (2024)
• Amman Nagar: Rs 280 per sq.ft (2024)
• A.M.S.Garden: Rs 390 per sq.ft (2024)
• Aksaya Garden: Rs 280 per sq.ft (2024)
• Aniiv Avenue: Rs 330 per sq.ft (2024)
• Anjal Avenue: Rs 390 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Kovil Thota Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amman Kovil Thota Sandhu?

The Sub Registrar Office that covers Amman Kovil Thota Sandhu is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Veerapandi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is often used to assess the transaction's legitimacy. If the sale price is higher than the guideline value, the stamp duty is calculated on the sale price instead, ensuring that the government receives the correct amount in taxes.

Frequently asked questions

What is the current guideline value of Amman Kovil Thota Sandhu?

The current guideline value of Amman Kovil Thota Sandhu is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 47% during this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles the registration for Amman Kovil Thota Sandhu?

The Periyanayakkan Palayam Sub Registrar Office is responsible for handling registrations for Amman Kovil Thota Sandhu.

Are there other streets in Veerapandi with different guideline values?

Yes, there are several other streets in Veerapandi with varying guideline values, ranging from Rs 220 to Rs 1,050 per sq.ft, with the median being Rs 330 per sq.ft.