Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Lakkampatti village under the Gobichettipalayam Joint I SRO, is Rs 250 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - II.

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 250 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, the value increased by 50% from Rs 167 per sq.ft to Rs 250 per sq.ft. The 2024 revision also maintains the value at Rs 250 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, reflecting stability in the guideline value over this period.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Amman Nagar's 2024 figure below the median.

• Ambedhakar Street (70/2): Rs 250 per sq.ft (2024)
• Agriculture Bank Street: Rs 300 per sq.ft (2024)
• Anna Street (253/3): Rs 250 per sq.ft (2024)
• Aries Muthu Nagar: Rs 250 per sq.ft (2024)
• Arulappar Street: Rs 250 per sq.ft (2024)
• Arunachalagounder Street: Rs 300 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 detailed calculations.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration process when buying or selling property in Lakkampatti. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. It is essential for both parties to be aware of this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 250 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amman Nagar has remained at Rs 250 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification of Amman Nagar?

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

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, leading to a stamp duty of Rs 17,500 and a registration fee of Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Amman Nagar?

The Gobichettipalayam Joint I Sub Registrar Office handles registrations for Amman Nagar, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.