Guideline Value for AMMAN SAKTHI NAGAR

Amman Sakthi Nagar guideline value

The current guideline value of Amman Sakthi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This locality is situated in Peedampalli village and falls under the Singanallur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Amman Sakthi Nagar has changed

The guideline value for Amman Sakthi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Peedampalli

In Peedampalli village, there are 156 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 110 to Rs 1,050 per sq.ft. The median value for these streets is Rs 165 per sq.ft, placing Amman Sakthi Nagar's 2024 figure above that median.

• Amman Nagar: Rs 220 per sq.ft (2024)
• Annai Ganga Nair Township 1 to 4: Rs 165 per sq.ft (2024)
• Annai Gardens: Rs 440 per sq.ft (2024)
• Annai Surya Nagar: Rs 110 per sq.ft (2024)
• Adithya Gardens: Rs 220 per sq.ft (2024)
• Anna Nagar / Street: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Sakthi Nagar?

The Sub Registrar Office that covers Amman Sakthi Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peedampalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on a standard value set by the government.

When a property is sold, the guideline value helps in establishing a transparent pricing mechanism. Buyers and sellers should be aware that the final costs may be influenced by the guideline value, as it is used to assess the applicable duties during the registration of the property.

Frequently asked questions

What is the current guideline value of Amman Sakthi Nagar?

The current guideline value of Amman Sakthi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, which is a total increase of 64% over these years.

What is the land classification for Amman Sakthi Nagar?

Amman Sakthi Nagar is classified as Residential Class I Type - I.

Where can I find the registration office for Amman Sakthi Nagar?

The registration office for Amman Sakthi Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000, leading to a stamp duty of Rs 15,400.