Guideline Value for AMMAN NAGAR PHASE-I

Amman Nagar Phase-I guideline value

The current guideline value of Amman Nagar Phase-I is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Kallipalayam village, under the Ganapathy Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Amman Nagar Phase-I has changed

The guideline value for Amman Nagar Phase-I has undergone several revisions over the years. In 2012, the guideline value was set at Rs 250 per sq.ft. This figure decreased to Rs 167 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 250 per sq.ft. The most recent revision in 2024 has raised the value to Rs 280 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Kallipalayam

Kallipalayam village consists of 72 streets under the Ganapathy SRO, with the 2024 guideline values ranging from Rs 220 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 280 per sq.ft, which is equal to the current value of Amman Nagar Phase-I.

• Amman Nagar: Rs 220 per sq.ft (2024)
• Akshara Enclave: Rs 585 per sq.ft (2024)
• Annamalai Nagar: Rs 280 per sq.ft (2024)
• Annamalai Park: Rs 280 per sq.ft (2024)
• Agaram Nagar: Rs 280 per sq.ft (2024)
• Anusri Avenue: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value would be Rs 2,80,000. The stamp duty at 7% would amount to Rs 19,600, and the registration fee at 2% would be Rs 5,600, resulting in a total of Rs 25,200. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar Phase-I?

The Sub Registrar Office that covers Amman Nagar Phase-I is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kallipalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted at fair values.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transfer of ownership. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Amman Nagar Phase-I?

The current guideline value of Amman Nagar Phase-I is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Amman Nagar Phase-I?

For a 1,000 sq.ft plot, the stamp duty would be Rs 19,600 and the registration fee would be Rs 5,600, totaling Rs 25,200.

Which office handles property registrations in Amman Nagar Phase-I?

The Ganapathy Sub Registrar Office handles property registrations for Amman Nagar Phase-I, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the land classification for Amman Nagar Phase-I?

The land classification for Amman Nagar Phase-I is Residential Class I Type - I.