Guideline Value for AMMAN NAGAR SIRUPULUVAPATTI

Amman Nagar Sirupuluvapatti guideline value

The current guideline value of Amman Nagar Sirupuluvapatti is Rs 711 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Amman Nagar Sirupuluvapatti has changed

The guideline value for Amman Nagar Sirupuluvapatti has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. In 2023, the value increased significantly to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 711 per sq.ft, marking a 42% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 42%. There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

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 for these streets is Rs 711 per sq.ft, which is equal to the current value of Amman Nagar Sirupuluvapatti.

• Amman Street: Rs 709 per sq.ft (2024)
• Amman Nagar 2nd Street: Rs 712 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 712 per sq.ft (2024)
• Amman Nagar: Rs 712 per sq.ft (2024)
• Amsa Vinayagar Kovil Veethi: Rs 712 per sq.ft (2024)
• Anaipalayam: Rs 716 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar Sirupuluvapatti

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value would be Rs 7,11,000. The stamp duty at 7% would amount to Rs 49,770, and the registration fee at 2% would be Rs 14,220, making the total cost together Rs 63,990. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amman Nagar Sirupuluvapatti?

The Sub Registrar Office covering Amman Nagar Sirupuluvapatti 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 serves as the base value for calculating stamp duty and registration fees, ensuring that these charges are appropriately assessed based on the property's worth.

When a property is sold, the guideline value is often referenced to determine the official sale price for registration purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Amman Nagar Sirupuluvapatti?

The current guideline value of Amman Nagar Sirupuluvapatti is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 711 per sq.ft in 2024.

What is the land classification of Amman Nagar Sirupuluvapatti?

Amman Nagar Sirupuluvapatti is classified as Residential Class II Type - II, which indicates its designation for residential use.

What are the stamp duty and registration fees for a property in Amman Nagar Sirupuluvapatti?

For a property valued at Rs 7,11,000, the stamp duty would be Rs 49,770 and the registration fee would be Rs 14,220, totaling Rs 63,990.

Where is the Sub Registrar Office for Amman Nagar Sirupuluvapatti located?

The Sub Registrar Office for Amman Nagar Sirupuluvapatti is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.