Guideline Value for Aattru Orram

Aattru Orram guideline value

The current guideline value of Aattru Orram is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Ammapettai village, under the Ammapettai_Erode SRO, and is classified as Residential Class II Type - II.

How the guideline value of Aattru Orram has changed

Since the 2002 revision, the guideline value for Aattru Orram has seen several changes. In 2002, the value was Rs 18 per sq.ft, which increased to Rs 20 per sq.ft in 2003. The value continued to rise to Rs 24 per sq.ft in 2007, then to Rs 80 per sq.ft in 2012. However, it dropped to Rs 54 per sq.ft in 2017, before reaching Rs 200 per sq.ft in 2023. The current revision in 2024 has set the guideline value at Rs 100 per sq.ft.

The changes between revisions are as follows: from 2002 to 2003, there was an increase of 11%; from 2003 to 2007, the increase was 20%; from 2007 to 2012, the value rose by 233%; however, from 2012 to 2017, it decreased by 33%. The value then surged by 270% from 2017 to 2023. The reduction from 2023 to 2024 is 50%.

Guideline values in Ammapettai

In Ammapettai, there are 30 streets under the Ammapettai_Erode SRO with a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Aattru Orram's value below that median.

• Anna Nagar: Rs 100 per sq.ft (2024)
• Anthonipuram: Rs 100 per sq.ft (2024)
• Bank Street: Rs 300 per sq.ft (2024)
• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Harijana Colony Ammapettai: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Aattru Orram

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Aattru Orram?

The Sub Registrar Office that covers Aattru Orram is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ammapettai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller registers a property, the guideline value is compared with the sale price. The applicable duties are calculated based on the higher of the two values, ensuring that the government receives the appropriate fees during the transaction.

Frequently asked questions

What is the current guideline value of Aattru Orram?

The current guideline value of Aattru Orram is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 18 per sq.ft in 2002 to Rs 100 per sq.ft in 2024, with notable increases and decreases in various revisions along the way.

What is the median guideline value in Ammapettai?

The median guideline value for the streets in Ammapettai is Rs 150 per sq.ft, with Aattru Orram's value being below this median.

What are the stamp duty and registration fees for Aattru Orram?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Aattru Orram located?

The Sub Registrar Office for Aattru Orram is located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.