Guideline Value for Amar Jothi Nagar

Amar Jothi Nagar guideline value

The current guideline value of Amar Jothi Nagar is Rs 302 per sq.ft, effective from 1 July 2024. This area is located in Ward 2 under the Pollachi SRO and is classified as Residential Class V Type - III.

How the guideline value of Amar Jothi Nagar has changed

The guideline value for Amar Jothi Nagar has undergone several revisions over the years. In 2003, the value was Rs 150 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The value then rose to Rs 250 per sq.ft in 2012, followed by a decrease to Rs 167 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 300 per sq.ft, and the most recent revision in 2024 has set the value at Rs 302 per sq.ft. The register has no figure for this street for the year 2002.

From 2017 to 2023, the guideline value increased by 80%, while from 2012 to 2017, it decreased by 33%. The value rose by 25% from 2007 to 2012 and increased by 33% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 101%.

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, with a median value of Rs 420 per sq.ft. The guideline value of Amar Jothi Nagar is below this median.

• Amaithi Nagar: Rs 302 per sq.ft (2024)
• Algammal K Muthusamy Garden: Rs 420 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 Amar Jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 302 per sq.ft, the total guideline value would be 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 charges to Rs 27,180. 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 Amar Jothi Nagar?

The Sub Registrar Office that covers Amar Jothi Nagar is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, 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 an essential factor when registering property in Ward 2, as it determines the minimum value at which a property can be sold or bought. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

Frequently asked questions

What is the current guideline value of Amar Jothi Nagar?

The current guideline value of Amar Jothi 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 150 per sq.ft in 2003 to Rs 302 per sq.ft in 2024, with several revisions in between. Notably, there was an increase of 80% from 2017 to 2023.

What is the registration office for Amar Jothi Nagar?

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

How is stamp duty calculated for properties in Amar Jothi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 27,180.

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

Other streets in Ward 2 include Amaithi Nagar at Rs 302 per sq.ft, Algammal K Muthusamy Garden at Rs 420 per sq.ft, and several others with varying values. The guideline values range from Rs 300 to Rs 2,500 per sq.ft in this area.