Guideline Value for Amanur Erode-Karur road

Amanur Erode-Karur road guideline value

The current guideline value of Amanur Erode-Karur road is Rs 600 per sq.ft, effective from 1 July 2024. This road is located in Kodumudi village, under the Kodumudi SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Amanur Erode-Karur road has changed

Over the years, the guideline value for Amanur Erode-Karur road has seen several revisions. In 2007, the value was Rs 125 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both maintain the value at Rs 600 per sq.ft, showing no change between these two years. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 was a substantial 380%, while the decrease from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 380%.

Guideline values in Kodumudi

In Kodumudi, there are 92 streets under the Kodumudi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median value among these streets is Rs 200 per sq.ft, placing Amanur Erode-Karur road above this median.

• Arasampalayam Harijana colony: Rs 200 per sq.ft (2024)
• Arasampalayam Nadar street: Rs 200 per sq.ft (2024)
• Arumugagounder street: Rs 200 per sq.ft (2024)
• Beemgounder street: Rs 600 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Chinnagounder theru: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Amanur Erode-Karur road

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, totaling Rs 42,000, while the registration fee at 2% amounts to Rs 12,000. Together, these fees come to Rs 54,000. It is important to note that 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 Amanur Erode-Karur road?

The Amanur Erode-Karur road falls under the jurisdiction of the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Kodumudi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

At the time of registration, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is legally documented and that all applicable fees are collected.

Frequently asked questions

What is the current guideline value of Amanur Erode-Karur road?

The current guideline value of Amanur Erode-Karur road is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 125 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. It has remained at Rs 600 per sq.ft in both 2023 and 2024.

What are the other streets in Kodumudi with their guideline values?

Other streets in Kodumudi include Arasampalayam Harijana colony and Arasampalayam Nadar street, both at Rs 200 per sq.ft, while Beemgounder street and Chandrasekarapillai theu are at Rs 600 per sq.ft.

What fees are applicable when buying property on Amanur Erode-Karur road?

When buying property on Amanur Erode-Karur road, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Kodumudi Sub Registrar Office?

The Kodumudi Sub Registrar Office is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find more details by using the provided link to find your SRO.