Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,055 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 51%. The revisions for the years 2002, 2003, and 2007 do not have figures available for this street.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft, with a median of Rs 1,060 per sq.ft. The guideline value for Amman Nagar is below this median.

• Amman Nagaram: Rs 1,055 per sq.ft (2024)
• Amman Nagar Kuttai: Rs 1,060 per sq.ft (2024)
• Amburose Nagar: Rs 1,055 per sq.ft (2024)
• Ambigapathi Veethi: Rs 1,045 per sq.ft (2024)
• Anboli Nagar: Rs 1,055 per sq.ft (2024)
• Alagu Nagar: Rs 1,055 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 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total cost to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 Saravanmpatty.

The guideline value is a crucial factor during the registration of property transactions in Saravanmpatty. 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.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,055 per sq.ft in 2024.

What is the stamp duty rate for properties in Amman Nagar?

The stamp duty rate for properties in Amman Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amman Nagar located?

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

What are the guideline values of other streets in Saravanmpatty?

Other streets in Saravanmpatty have varying guideline values, with rates ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft.