Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 1,045 per sq.ft, effective from 1 July 2024. This street is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class II Type - I.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 1,000 per sq.ft, marking a 199% increase from the previous revision. The most recent revision in 2024 saw a further increase to Rs 1,045 per sq.ft, which is a 5% rise from the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 212%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,055 per sq.ft, placing Amman Nagar's 2024 figure slightly below this median.

• Amudham Nagar: Rs 1,580 per sq.ft (2024)
• Alex Anenue: Rs 1,040 per sq.ft (2024)
• Alaghu Nagar (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)
• Airport Colony (Civil Aerodrome): Rs 1,055 per sq.ft (2024)
• Annai Nagar (Veeriyampalayam): Rs 1,045 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 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would amount to Rs 73,150, and the registration fee at 2% would be Rs 20,900, making the total cost for these fees Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our 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 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 more information.

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

The guideline value is a critical factor in the registration of property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 335 per sq.ft in 2017 to Rs 1,045 per sq.ft in 2024, representing an overall increase of 212%.

What is the land classification of Amman Nagar?

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

Where can I find the registration office for Amman Nagar?

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

How is stamp duty calculated for property in Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 73,150 based on the current guideline value.