Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 712 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village under the Tiruppur Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 525 per sq.ft in 2012. However, there was a decrease to Rs 352 per sq.ft in 2017. The value then rose significantly to Rs 526 per sq.ft in 2023 and is now set at Rs 712 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The latest revision from 2023 to 2024 reflects a substantial increase of 35%. Overall, from 2007 to 2024, the guideline value has risen by 137%.

Guideline values in Velampalayam

In Velampalayam village, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value is Rs 711 per sq.ft, placing Amman Nagar's 2024 figure slightly above this median.

• Amman Nagar 1st Street: Rs 712 per sq.ft (2024)
• Amman Nagar 2nd Street: Rs 712 per sq.ft (2024)
• Amman Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)
• Amman Street: Rs 709 per sq.ft (2024)
• Amsa Vinayagar Kovil Veethi: Rs 712 per sq.ft (2024)
• Amman Koil Street: Rs 709 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 712 per sq.ft, the total guideline value amounts to Rs 7,12,000. The stamp duty at 7% would be Rs 49,840, and the registration fee at 2% would be Rs 14,240, bringing the total cost for these fees to Rs 64,080. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 II 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 Velampalayam

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

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the actual sale price, whichever is higher. This ensures transparency and helps in maintaining standard practices in property transactions.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 712 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 2007 to Rs 712 per sq.ft in 2024, reflecting an overall increase of 137% over the years.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, with Amman Nagar's current value being slightly above this median.

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

For a property valued at Rs 7,12,000, the stamp duty would be Rs 49,840 and the registration fee would be Rs 14,240, totaling Rs 64,080.

Which office handles registrations for Amman Nagar?

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