Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Kalapatty_west village under the Gandhipuram SRO, is Rs 1,050 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Amman Nagar has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% rise. The current guideline value of Rs 1,050 per sq.ft in the 2024 revision reflects a 5% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 213%.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median of Rs 1,060 per sq.ft. Amman Nagar's 2024 figure of Rs 1,050 per sq.ft is below this median.

• Alex Anenue: Rs 1,045 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 1,050 per sq.ft (2024)
• Annai Pillayar Koil Street (Kalappatti): Rs 1,050 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 1,050 per sq.ft, the total guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500. 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 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_west

The guideline value is a crucial component during the registration process of property transactions in Kalapatty_west. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,050 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2017 revision to the 2024 revision, the guideline value has increased by 213%. The increase from 2023 to 2024 is 5%.

What is the land classification for Amman Nagar?

Amman Nagar falls under the Residential Class II Type - I land classification.

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

The Sub Registrar Office for Amman Nagar is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

How is stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property with a guideline value of Rs 10,50,000, the stamp duty would be Rs 73,500 at 7%.