Guideline Value for AMMAN NAGAR (509)

Amman Nagar (509) guideline value

The current guideline value for Amman Nagar (509) in Veerapandi village is Rs 709 per sq.ft, effective from 1 July 2024. This area falls under the Nallur_Tiruppur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Amman Nagar (509) has changed

The guideline value for Amman Nagar (509) has seen significant changes over the years. The earliest recorded figure in the register is from the 2012 revision, which was Rs 180 per sq.ft. This value increased dramatically to Rs 700 per sq.ft in 2023, marking a 289% rise over the eleven years. The most recent revision in 2024 shows a further increase to Rs 709 per sq.ft, a change of 1% from the previous year.

It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 294%.

Guideline values in Veerapandi

In Veerapandi, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, which is equal to the guideline value for Amman Nagar (509).

• Amman Nagar ¢(5/2,6/3,7/1,6): Rs 709 per sq.ft (2024)
• Ammannagar Extn: Rs 709 per sq.ft (2024)
• Amman Kovil North Street: Rs 709 per sq.ft (2024)
• Ambethkar Nagar: Rs 708 per sq.ft (2024)
• AMBEDKAR COLONY (Sundamedu): Rs 700 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): Rs 715 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar (509)

For a 1,000 sq.ft plot at the current rate of Rs 709 per sq.ft, the guideline value is 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, totaling Rs 63,810. 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 Nagar (509)?

The Sub Registrar Office that covers Amman Nagar (509) is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Veerapandi

The guideline value is a critical factor in the registration process when buying or selling property in Veerapandi. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Amman Nagar (509)?

The current guideline value of Amman Nagar (509) is Rs 709 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 180 per sq.ft in 2012 to Rs 709 per sq.ft in 2024, marking an overall increase of 294%.

What is the classification of land in Amman Nagar (509)?

Amman Nagar (509) is classified as Residential Class IV Type - I under the Nallur_Tiruppur SRO.

Where can I find the Sub Registrar Office for Amman Nagar (509)?

The Sub Registrar Office for Amman Nagar (509) is located near Hotel Riverview, Nagapattinam 611002, under the Nallur_Tiruppur registration zone.

What are the other streets in Veerapandi with similar guideline values?

Other streets in Veerapandi with similar guideline values include Ammannagar Extn, Amman Kovil North Street, and Ambethkar Nagar, all of which have a guideline value of Rs 709 per sq.ft in 2024.