Guideline Value for AMMAN NAGAR 1ST STREET

Amman Nagar 1st Street guideline value

The current guideline value of Amman Nagar 1st Street is Rs 712 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 II Type - I.

How the guideline value of Amman Nagar 1st Street has changed

Over the years, the guideline value of Amman Nagar 1st Street has seen significant changes. The 2007 revision recorded a value of Rs 300 per sq.ft, which increased to Rs 525 per sq.ft in 2012. However, there was a decrease to Rs 352 per sq.ft in 2017. The value then rose to Rs 526 per sq.ft in 2023, and the latest revision in 2024 shows a substantial increase to Rs 712 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, the value increased by 75% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent increase from 2023 to 2024 is 35%. Overall, from 2007 to 2024, the guideline value has increased by 137%.

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 is Rs 711 per sq.ft, making the guideline value of Amman Nagar 1st Street slightly above this median.

• Amman Nagar 2nd Street: Rs 712 per sq.ft (2024)
• Amman Nagar: Rs 712 per sq.ft (2024)
• Amman Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)
• Amman Street: Rs 709 per sq.ft (2024)
• Amsa Vinayagar Kovil Veethi: Rs 712 per sq.ft (2024)
• Amman Koil Street: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 712 per sq.ft, the total guideline value would be Rs 7,12,000. The stamp duty at 7% would amount to Rs 49,840, while the registration fee at 2% would be Rs 14,240. Together, the total cost for these fees would be Rs 64,080. It is important to note that 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 Nagar 1st Street?

The Sub Registrar Office that covers Amman Nagar 1st 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 plays a crucial role in the registration process when buying or selling property in Velampalayam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. It helps in assessing the fair value of the property and ensures that the correct fees are paid to the registration department.

Frequently asked questions

What is the current guideline value of Amman Nagar 1st Street?

The current guideline value of Amman Nagar 1st Street is Rs 712 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 300 per sq.ft in 2007 to Rs 712 per sq.ft in 2024, reflecting an overall increase of 137%.

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

For a property valued at Rs 7,12,000, the stamp duty would be Rs 49,840, and the registration fee would be Rs 14,240, totaling Rs 64,080.

Which office handles registrations for Amman Nagar 1st Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Amman Nagar 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Amman Nagar 1st Street?

Amman Nagar 1st Street is classified as Residential Class II Type - I according to the local regulations.