Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Kallipalayam village under the Ganapathy SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value of Amman Nagar has seen several revisions. In the 2007 revision, the value was Rs 25 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012, marking a 700% increase. However, from 2012 to 2017, the value decreased to Rs 134 per sq.ft, reflecting a 33% drop. Following this, the value rose to Rs 200 per sq.ft in the 2023 revision, and further increased to Rs 220 per sq.ft in the 2024 revision, which is a 10% rise.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 780%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kallipalayam

Kallipalayam village has 72 streets under the Ganapathy SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,200 per sq.ft. The median value for these streets is Rs 280 per sq.ft, indicating that Amman Nagar's 2024 figure is below this median.

• Amman Nagar Phase-I: Rs 280 per sq.ft (2024)
• Akshara Enclave: Rs 585 per sq.ft (2024)
• Agaram Nagar: Rs 280 per sq.ft (2024)
• Annamalai Nagar: Rs 280 per sq.ft (2024)
• Annamalai Park: Rs 280 per sq.ft (2024)
• Aadhavan Avenue Extension: Rs 585 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty is charged at 7%, amounting to Rs 15,400, and the registration fee is 2%, which equals Rs 4,400. Together, the total fees would be Rs 19,800. Please note that the 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 covering 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 Kallipalayam

The guideline value is a critical factor in property transactions, as it determines the stamp duty and registration fees applicable during the sale or purchase of real estate. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is registered, the guideline value serves as a benchmark for the transaction. It is essential for buyers to be aware of this value to avoid any discrepancies during the registration process and to understand the financial implications of their property transaction.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 780% over this period.

What is the classification of land in Amman Nagar?

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

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where is the Sub Registrar Office for Amman Nagar located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006, and it covers Amman Nagar.