Guideline Value for Amaithi Nagar

Amaithi Nagar guideline value

The current guideline value of Amaithi Nagar, located in Ward 2 village under the Pollachi SRO, is Rs 302 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - III.

How the guideline value of Amaithi Nagar has changed

The guideline value for Amaithi Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 250 per sq.ft in 2012, but then dropped to Rs 167 per sq.ft in 2017. A significant increase followed, bringing the value to Rs 300 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 302 per sq.ft, reflecting a 1% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 51%, showcasing a gradual rise despite the fluctuations observed in earlier years.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 420 per sq.ft, placing Amaithi Nagar's 2024 figure below this median.

• Algammal K Muthusamy Garden: Rs 420 per sq.ft (2024)
• Amar Jothi Nagar: Rs 302 per sq.ft (2024)
• Adhidravidar Street: Rs 750 per sq.ft (2024)
• Annai Kasthuribai Street: Rs 541 per sq.ft (2024)
• Annapoorani Layout: Rs 675 per sq.ft (2024)
• Anumantharaya Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Amaithi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 302 per sq.ft, the total guideline value amounts to Rs 3,02,000. The stamp duty at 7% would be Rs 21,140, and the registration fee at 2% would be Rs 6,040, bringing the total fees together to Rs 27,180. 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 on calculating fees.

Which Sub Registrar Office covers Amaithi Nagar?

The Sub Registrar Office that covers Amaithi Nagar is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, 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 Ward 2

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Ward 2, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential to be aware that the guideline value can vary significantly between different streets and areas within Ward 2. Buyers and sellers should consult the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Amaithi Nagar?

The current guideline value of Amaithi Nagar is Rs 302 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 2007 to Rs 302 per sq.ft in 2024, reflecting an overall increase of 51%.

What is the stamp duty rate for properties in Amaithi Nagar?

The stamp duty rate for properties in Amaithi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amaithi Nagar located?

The Sub Registrar Office for Amaithi Nagar is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

What are the other streets in Ward 2 with guideline values?

Other streets in Ward 2 include Algammal K Muthusamy Garden, Amar Jothi Nagar, Adhidravidar Street, Annai Kasthuribai Street, Annapoorani Layout, and Anumantharaya Street, with values ranging from Rs 302 to Rs 1,500 per sq.ft in 2024.