Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Gandhipuram SRO and is classified as Residential Class I Type - II.

How the guideline value of Amman Nagar has changed

The guideline value of Amman Nagar has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 232%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Amman Nagar. Overall, from 2012 to 2024, the guideline value has increased by 144%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value is Rs 1,095 per sq.ft, and Amman Nagar's 2024 figure is above this median.

• Amman Kovil Veethi: Rs 1,095 per sq.ft (2024)
• Anjukam Nagar: Rs 1,095 per sq.ft (2024)
• Akkammal Garden: Rs 1,105 per sq.ft (2024)
• Akkammal Avenue: Rs 1,105 per sq.ft (2024)
• Annai Garden: Rs 1,025 per sq.ft (2024)
• Adi Dravidar Veethi (Udayampalayam Natham): Rs 1,090 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Amman Nagar?

Amman Nagar is covered by the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chinnavedampatty. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps to determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Amman Nagar?

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

Where can I find the Sub Registrar Office for Amman Nagar?

The Sub Registrar Office covering Amman Nagar is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore.

How is the stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.