Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - III.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. In 2012, the value was Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. Following this, the value increased significantly to Rs 250 per sq.ft in 2023, and further rose to Rs 280 per sq.ft in the 2024 revision, marking an increase of 12%. Overall, from 2012 to 2024, the guideline value has increased by 12%.

From 2017 to 2023, the guideline value rose by 50%. The changes from 2012 to 2017 saw a decrease of 33%. It is important to note that the register has no figures for Amman Nagar for the years 2002, 2003, and 2007.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,050 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Amman Nagar's 2024 figure below that median.

• Amman Kovil Thota Sandhu: Rs 220 per sq.ft (2024)
• Amman Avenue: Rs 235 per sq.ft (2024)
• A.M.S.Garden: Rs 390 per sq.ft (2024)
• Aniiv Avenue: Rs 330 per sq.ft (2024)
• Anjal Avenue: Rs 390 per sq.ft (2024)
• Anjali Garden: Rs 390 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 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, making the total cost for these fees Rs 25,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerapandi. It serves as a benchmark for determining the value of the property, which is essential for calculating stamp duty and registration fees.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the true value of the property. This helps in maintaining transparency in property transactions and ensures that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Amman Nagar?

Amman Nagar is classified as Residential Class I Type - III.

Where is the Sub Registrar Office for Amman Nagar located?

The Sub Registrar Office covering Amman Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,80,000, the stamp duty would be Rs 19,600.