Guideline Value for AMMAN NAGARAM

Amman Nagaram guideline value

The current guideline value of Amman Nagaram is Rs 1,055 per sq.ft, effective from 1 July 2024. This village falls under the Gandhipuram SRO and is classified as Residential Class I Type - IV.

How the guideline value of Amman Nagaram has changed

The guideline value for Amman Nagaram has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 149%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,055 per sq.ft, reflecting a 6% 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, the guideline value has increased by 76% from 2012 to 2024.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO that have a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median guideline value in this area is Rs 1,060 per sq.ft, making Amman Nagaram's 2024 figure slightly below that median.

• Amman Nagar Kuttai: Rs 1,060 per sq.ft (2024)
• Amman Nagar: Rs 1,055 per sq.ft (2024)
• Amburose Nagar: Rs 1,055 per sq.ft (2024)
• Ambigapathi Veethi: Rs 1,045 per sq.ft (2024)
• Anboli Nagar: Rs 1,055 per sq.ft (2024)
• Alagu Nagar: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagaram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total cost for these fees to Rs 94,950. 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 information on fees.

Which Sub Registrar Office covers Amman Nagaram?

The Sub Registrar Office that covers Amman Nagaram is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Saravanmpatty. It serves as the basis for determining the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty is charged on the higher of the two.

When registering a property, the guideline value ensures that the transaction is recorded at a fair and standard rate, which is essential for both buyers and sellers. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Amman Nagaram?

The current guideline value of Amman Nagaram is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2012 to Rs 1,055 per sq.ft in 2024. Notably, there was a 149% increase from 2017 to 2023.

What is the land classification of Amman Nagaram?

Amman Nagaram is classified as Residential Class I Type - IV, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Amman Nagaram located?

The Sub Registrar Office for Amman Nagaram is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Amman Nagaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,55,000 would incur a stamp duty of Rs 73,850 at 7%.