Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Andipalayam village under the Tiruppur Joint I SRO, is Rs 701 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 325 per sq.ft. This increased to Rs 218 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 701 per sq.ft, reflecting a significant increase of 222%. The guideline value remained unchanged at Rs 701 per sq.ft from 2023 to the current revision in 2024.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 116% from 2012 to 2024, highlighting the fluctuations in property valuation over the years.

Guideline values in Andipalayam

Andipalayam village has a total of 66 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft. The median value is Rs 701 per sq.ft, which is equal to the current guideline value of Amman Nagar.

• Amarjothibhuveneshwari Nagar: Rs 701 per sq.ft (2024)
• Annamalai Nagar: Rs 700 per sq.ft (2024)
• Annamalaiyar Sakthi Nagar: Rs 700 per sq.ft (2024)
• Brindhavan Avenue: Rs 701 per sq.ft (2024)
• Cheran Avenue: Rs 700 per sq.ft (2024)
• Chinnandipalayam: Rs 700 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 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total charges to Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or 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 Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Andipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on established valuations.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 325 per sq.ft in 2012, decreasing to Rs 218 per sq.ft in 2017, and then increasing significantly to Rs 701 per sq.ft by 2024.

What are the other streets in Andipalayam with their guideline values?

Other streets in Andipalayam include Amarjothibhuveneshwari Nagar at Rs 701 per sq.ft, Annamalai Nagar and Annamalaiyar Sakthi Nagar both at Rs 700 per sq.ft, and Brindhavan Avenue at Rs 701 per sq.ft, among others.

What fees are associated with buying property in Amman Nagar?

When buying property in Amman Nagar, you will incur a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering Amman Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.