Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar in Ganapathy village, under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 250 per sq.ft. It increased significantly to Rs 750 per sq.ft in 2012, marking a 200% rise. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft, reflecting a drop of 33%. The 2017 revision saw a substantial increase to Rs 1,000 per sq.ft in 2023, which was a 99% rise. The most recent revision in 2024 set the value at Rs 1,010 per sq.ft, a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 304%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, which means that Amman Nagar's 2024 guideline value is below the median.

• Ammankovil Thottam, Rajagopalapuram: Rs 1,400 per sq.ft (2024)
• Ambethkar Veethi: Rs 1,010 per sq.ft (2024)
• Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Amarar Jeeva Road: Rs 1,120 per sq.ft (2024)
• Anbu Nagar: Rs 1,010 per sq.ft (2024)
• Anbu Nagar.Balaji Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, while the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that 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 details.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar 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 Ganapathy

The guideline value is a critical factor in the registration process when buying or selling property in Ganapathy. It determines the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price as per the government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar 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 several times, starting from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024. The most significant increase occurred between 2017 and 2023, where it rose by 99%.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

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 office handles property registrations in Amman Nagar?

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