Guideline Value for AMUTHA NAGAR

Amutha Nagar guideline value

The current guideline value of Amutha Nagar, located in Thottipalayam village under the Thottipalayam SRO, is Rs 806 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Amutha Nagar has changed

The guideline value of Amutha Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 725 per sq.ft, which decreased to Rs 486 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 726 per sq.ft in 2023. The latest revision in 2024 has further raised the guideline value to Rs 806 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft. The median guideline value is Rs 806 per sq.ft, which is the same as the current value for Amutha Nagar.

• Angeripalayam East: Rs 702 per sq.ft (2024)
• Angeripalayam East (Near By Nallaru South): Rs 702 per sq.ft (2024)
• Aninashi Nagar Extension: Rs 703 per sq.ft (2024)
• A.S.A Avenue: Rs 703 per sq.ft (2024)
• Avinashinagar: Rs 703 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Amutha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amutha Nagar?

The Sub Registrar Office that covers Amutha Nagar is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thottipalayam. It is used as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the guideline value as it affects the overall cost of the transaction.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Amutha Nagar?

The current guideline value of Amutha Nagar is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 725 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, with notable increases in 2023 and 2024.

What are the stamp duty and registration fees for property in Amutha Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,06,000, the total fees would be Rs 72,540.

Which office handles registrations for Amutha Nagar?

The Thottipalayam Sub Registrar Office handles registrations for Amutha Nagar, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602.

What is the land classification of Amutha Nagar?

Amutha Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.