Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Iduvai village under the Tiruppur Joint I SRO, is Rs 110 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value of Amman Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the most recent 2024 revision has raised it to Rs 110 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Iduvai

In Iduvai village, there are 47 streets under the Tiruppur Joint I SRO that have a 2024 guideline value ranging from Rs 110 to Rs 500 per sq.ft, with the median being Rs 110 per sq.ft. The guideline value of Amman Nagar is equal to this median.

• Angalaparameswarinagar: Rs 110 per sq.ft (2024)
• Annamalai Garden: Rs 110 per sq.ft (2024)
• Attayampalayam: Rs 110 per sq.ft (2024)
• Bharathipuram: Rs 110 per sq.ft (2024)
• Chinnakalipalayam: Rs 110 per sq.ft (2024)
• Chinnamman Nagar: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, making a total of Rs 9,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Iduvai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Amman Nagar?

Amman Nagar falls under the Residential Class I Type - II land classification.

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

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

How is the stamp duty calculated for properties in Iduvai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.