Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value for Amman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Thondamuthur village, under the Thondamuthur SRO, and is classified as Residential Class II Type - II.

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 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in 2023, and then rose again to Rs 220 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the most notable change was from 2017 to 2023, where the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thondamuthur

In Thondamuthur, there are 51 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 670 per sq.ft, with a median value of Rs 335 per sq.ft. The guideline value for Amman Nagar is below this median.

• Anna Nagar: Rs 220 per sq.ft (2024)
• Arijana Colony: Rs 220 per sq.ft (2024)
• Arijana Colony Kembanur: Rs 220 per sq.ft (2024)
• Arijana Colony Thoguppu Veedu: Rs 220 per sq.ft (2024)
• Arijana Colony Vandikaranur: Rs 220 per sq.ft (2024)
• Attukkal Pakuthi: Rs 335 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees together Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, 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 Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thondamuthur. 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 guideline value will be compared with the sale price, and the duty will be charged on the higher of the two amounts. This ensures that the government collects the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class II Type - II.

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations in Amman Nagar?

The Thondamuthur Sub Registrar Office handles property registrations in Amman Nagar, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.