Guideline Value for AMMAN NAGAR PEACE-1,2,3,4

Amman Nagar Peace-1,2,3,4 guideline value

The current guideline value of Amman Nagar Peace-1,2,3,4 is Rs 1,010 per sq.ft. This property is located in Villankuruchi village, under the Ganapathy SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amman Nagar Peace-1,2,3,4 has changed

The guideline value for Amman Nagar Peace-1,2,3,4 has undergone several revisions over the years. In 2007, the guideline value was Rs 125 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, it then saw a decrease to Rs 502 per sq.ft in 2017. Following this, the value surged to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,010 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 500%. However, from 2012 to 2017, it decreased by 33%. The value then experienced a remarkable increase of 99% from 2017 to 2023. Finally, from 2023 to 2024, there was a slight increase of 1%. Overall, from 2007 to 2024, the guideline value has risen by 708%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft, with a median value of Rs 1,008 per sq.ft. The guideline value for Amman Nagar Peace-1,2,3,4 is above this median.

• A M D Nagar: Rs 1,006 per sq.ft (2024)
• Ambethkhar Nagar: Rs 1,005 per sq.ft (2024)
• Ambal Nagar: Rs 1,008 per sq.ft (2024)
• Anbu Nagar/Murugan Nagar: Rs 1,010 per sq.ft (2024)
• Andal Nagar/Sri Ambal Nagar: Rs 1,008 per sq.ft (2024)
• Andiyappa Devar Layout/Viswasapuram: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar Peace-1,2,3,4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, making the total cost for these fees Rs 90,900. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar Peace-1,2,3,4?

The Sub Registrar Office that covers Amman Nagar Peace-1,2,3,4 is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Villankuruchi. It is the value set by the government for the purpose of property registration and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must consider the guideline value as it directly impacts the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Amman Nagar Peace-1,2,3,4?

The current guideline value of Amman Nagar Peace-1,2,3,4 is Rs 1,010 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 125 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, representing an overall increase of 708% over the years.

What are the stamp duty and registration fees for properties in Amman Nagar Peace-1,2,3,4?

For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700, and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which Sub Registrar Office covers Amman Nagar Peace-1,2,3,4?

The Ganapathy Sub Registrar Office covers Amman Nagar Peace-1,2,3,4, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification of Amman Nagar Peace-1,2,3,4?

Amman Nagar Peace-1,2,3,4 is classified as Residential Class I Type - I.