Guideline Value for AMMAN NAGAR 2ND STREET

Amman Nagar 2nd Street guideline value

The current guideline value of Amman Nagar 2nd 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 2nd Street has changed

The guideline value for Amman Nagar 2nd Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 525 per sq.ft in 2012, marking a growth of 75%. However, there was a decrease in the 2017 revision, where it fell to Rs 352 per sq.ft, a drop of 33%. The value then rose significantly to Rs 526 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 shows a further increase to Rs 712 per sq.ft, which is a 35% rise from the previous year.

It is important to note that there are no recorded figures for Amman Nagar 2nd Street in the revisions of 2002 and 2003. 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 have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Amman Nagar 2nd Street's 2024 figure above this median.

• Amman Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 712 per sq.ft, the total guideline value amounts to Rs 7,12,000. The stamp duty at 7% would be Rs 49,840, and the registration fee at 2% would be Rs 14,240, bringing the total cost for these fees to Rs 64,080. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amman Nagar 2nd Street?

The Sub Registrar Office that covers Amman Nagar 2nd 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the local authorities. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Amman Nagar 2nd Street?

The current guideline value of Amman Nagar 2nd 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 changed significantly from Rs 300 per sq.ft in 2007 to Rs 712 per sq.ft in 2024, reflecting a total increase of 137% over the years.

What are the stamp duty and registration fees for property in Amman Nagar 2nd Street?

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 Sub Registrar Office is responsible for Amman Nagar 2nd Street?

The Tiruppur Joint II Sub Registrar Office is responsible for Amman Nagar 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Amman Nagar 2nd Street?

Amman Nagar 2nd Street is classified as Residential Class II Type - I.