Guideline Value for AMMANKOVIL THOTTAM, RAJAGOPALAPURAM

Ammankovil Thottam, Rajagopalapuram guideline value

The current guideline value of Ammankovil Thottam, Rajagopalapuram is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under Ganapathy village, which is governed by the Ganapathy SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Ammankovil Thottam, Rajagopalapuram has changed

The guideline value for Ammankovil Thottam has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012, marking a significant rise of 79%. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 837 per sq.ft. The value then increased to Rs 1,250 per sq.ft in 2023, followed by another increase to Rs 1,400 per sq.ft in 2024, which is a rise of 12% from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 100%. The changes in the guideline value reflect the adjustments made in response to various factors affecting the real estate market in the region.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Ammankovil Thottam is above this median, indicating a relatively higher value compared to other streets in the area.

• Amman Nagar: Rs 1,010 per sq.ft (2024)
• Ambethkar Veethi: Rs 1,010 per sq.ft (2024)
• Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Amarar Jeeva Road: Rs 1,120 per sq.ft (2024)
• Anbu Nagar: Rs 1,010 per sq.ft (2024)
• Anbu Nagar.Balaji Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Ammankovil Thottam, Rajagopalapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Ammankovil Thottam, Rajagopalapuram?

The Sub Registrar Office that covers Ammankovil Thottam, Rajagopalapuram is located at Ganapathy Sub Registrar Office, Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006, within the Coimbatore registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Ganapathy, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. The guideline value serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ammankovil Thottam, Rajagopalapuram?

The current guideline value of Ammankovil Thottam, Rajagopalapuram is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 100% over the years.

What is the land classification for Ammankovil Thottam?

The land classification for Ammankovil Thottam is Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ammankovil Thottam is located at Ganapathy Sub Registrar Office, Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.