Guideline Value for AMMAN NAGER

Amman Nager guideline value

The current guideline value of Amman Nager is Rs 1,004 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village, under the jurisdiction of the Thondamuthur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Amman Nager has changed

The guideline value for Amman Nager has seen several revisions over the years. In 2007, the value was set at Rs 175 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value rose significantly to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,004 per sq.ft in 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 value increased by 113%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was substantial at 300%. Overall, from 2007 to 2024, the guideline value has risen by 474%.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,014 per sq.ft, positioning Amman Nager's 2024 figure below the median.

• Anandam Nagar: Rs 1,014 per sq.ft (2024)
• Amaravathi Street: Rs 1,014 per sq.ft (2024)
• Alamelu Mangai Avenue: Rs 1,006 per sq.ft (2024)
• Annai Velangani Nager: Rs 1,006 per sq.ft (2024)
• Ajjanur Harijana Colony: Rs 1,019 per sq.ft (2024)
• ANNA NAGAR 1st STREET: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value would be Rs 10,04,000. The stamp duty at 7% would amount to Rs 70,280, and the registration fee at 2% would be Rs 20,080, making the total charges Rs 90,360. 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 Nager?

The Sub Registrar Office that covers Amman Nager is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, 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 Veerakeralam

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

When a property is registered, the guideline value is considered alongside the sale price, with the higher of the two being used to calculate the applicable taxes and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Nager?

The current guideline value of Amman Nager is Rs 1,004 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 175 per sq.ft in 2007 to Rs 1,004 per sq.ft in 2024, reflecting an overall increase of 474% over the years.

What is the land classification of Amman Nager?

Amman Nager is classified as Residential Class I Type - III under the guideline value register.

Where is the Thondamuthur Sub Registrar Office located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.

How is the stamp duty calculated for property in Amman Nager?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,04,000, the stamp duty would be Rs 70,280 at 7%.