Guideline Value for AMSA VINAYAGAR KOVIL VEETHI

Amsa Vinayagar Kovil Veethi guideline value

The current guideline value of Amsa Vinayagar Kovil Veethi is Rs 712 per sq.ft, effective from 1 July 2024. This street 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 Amsa Vinayagar Kovil Veethi has changed

The guideline value for Amsa Vinayagar Kovil Veethi has seen several revisions over the years. The 2012 revision recorded a value of Rs 525 per sq.ft, which decreased to Rs 352 per sq.ft in 2017. However, the value increased significantly in the subsequent revisions, reaching Rs 526 per sq.ft in 2023 and then rising to Rs 712 per sq.ft in 2024, marking a 35% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 36%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, 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 in this area is Rs 711 per sq.ft, placing Amsa Vinayagar Kovil Veethi's 2024 figure slightly above this median.

• Anaipalayam: Rs 716 per sq.ft (2024)
• Ananda Enclave: Rs 705 per sq.ft (2024)
• Amman Street: Rs 709 per sq.ft (2024)
• Anandha Avenue: Rs 705 per sq.ft (2024)
• Amman Nagar Sirupuluvapatti: Rs 711 per sq.ft (2024)
• Anandha Avenue Extension: Rs 710 per sq.ft (2024)

Stamp duty and registration fee for property in Amsa Vinayagar Kovil Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 712 per sq.ft, the total guideline value would be Rs 7,12,000. The stamp duty at 7% would amount to Rs 49,840, while the registration fee at 2% would be Rs 14,240. Together, the total fees would be Rs 64,080. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amsa Vinayagar Kovil Veethi?

The Amsa Vinayagar Kovil Veethi is covered by 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 details.

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

The guideline value is a crucial factor 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 appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is advisable to consider the current guideline value when negotiating the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amsa Vinayagar Kovil Veethi?

The current guideline value of Amsa Vinayagar Kovil Veethi 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 525 per sq.ft in 2012 to Rs 712 per sq.ft in 2024, with notable increases in 2017 and 2023. The value decreased from 2012 to 2017 before rising significantly in the following years.

What is the land classification for Amsa Vinayagar Kovil Veethi?

Amsa Vinayagar Kovil Veethi is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, on a property valued at Rs 7,12,000, the total fees would amount to Rs 64,080.

Where is the Sub Registrar Office for Amsa Vinayagar Kovil Veethi located?

The Tiruppur Joint II Sub Registrar Office, which covers Amsa Vinayagar Kovil Veethi, is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.