Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 708 per sq.ft, effective from 1 July 2024. This street is located in Muthanampalayam village, under the Tiruppur Joint I SRO, and is classified as Residential Special Type - II.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value of Amman Nagar has seen significant changes. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. However, the value rose sharply to Rs 300 per sq.ft in 2023, and then experienced a substantial increase to Rs 708 per sq.ft in the 2024 revision, marking a 136% rise from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 136%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Muthanampalayam

Muthanampalayam village has a total of 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 896 per sq.ft. The median value for the village is Rs 700 per sq.ft, placing Amman Nagar's current value above this median.

• Ambal Nagar: Rs 700 per sq.ft (2024)
• Amaravathi Nagar: Rs 700 per sq.ft (2024)
• Andhithottam: Rs 700 per sq.ft (2024)
• Alagapuri Nagar: Rs 708 per sq.ft (2024)
• Annai Garden: Rs 700 per sq.ft (2024)
• A.I.B.E.A Nagr: Rs 708 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 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total cost for these fees to Rs 63,720. 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?

Amman Nagar falls under the jurisdiction of 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 details.

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

The guideline value plays a crucial role in the registration process for property transactions in Muthanampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and consistency in the property registration process.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 708 per sq.ft in 2024.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Special Type - II under the guideline value register.

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.

How is the stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 at a rate of 7%.