Guideline Value for AMMANNAGAR EXTN

Ammannagar Extn guideline value

The current guideline value of Ammannagar Extn is Rs 709 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Nallur_Tiruppur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Ammannagar Extn has changed

The guideline value for Ammannagar Extn has seen significant changes over the years. In 2012, the value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a substantial increase of 422%, bringing the value to Rs 700 per sq.ft. The latest revision in 2024 shows a slight increase of 1%, resulting in the current guideline value of Rs 709 per sq.ft.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has increased by 255%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value is Rs 709 per sq.ft, which is equal to the current guideline value of Ammannagar Extn.

• Amman Nagar ¢(5/2,6/3,7/1,6): Rs 709 per sq.ft (2024)
• Amman Nagar (509): Rs 709 per sq.ft (2024)
• Amman Kovil North Street: Rs 709 per sq.ft (2024)
• Ambethkar Nagar: Rs 708 per sq.ft (2024)
• AMBEDKAR COLONY (Sundamedu): Rs 700 per sq.ft (2024)
• Amaravathi Nagar Extn (Part II): Rs 715 per sq.ft (2024)

Stamp duty and registration fee for property in Ammannagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value would be Rs 7,09,000. The stamp duty at 7% would amount to Rs 49,630, and the registration fee at 2% would be Rs 14,180, making the total fees Rs 63,810. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for your calculations.

Which Sub Registrar Office covers Ammannagar Extn?

The Sub Registrar Office covering Ammannagar Extn is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Veerapandi

The guideline value is an essential factor when registering property transactions in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This value helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ammannagar Extn?

The current guideline value of Ammannagar Extn is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 709 per sq.ft in 2024.

What is the land classification of Ammannagar Extn?

Ammannagar Extn is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Ammannagar Extn?

The Sub Registrar Office for Ammannagar Extn is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002.

How is stamp duty calculated for properties in Ammannagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,09,000, leading to a stamp duty of Rs 49,630.