Guideline Value for Amar jothi nagar

Amar jothi nagar guideline value

The current guideline value of Amar Jothi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Amar jothi nagar has changed

The guideline value for Amar Jothi Nagar has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, the guideline value rose significantly to Rs 1,000 per sq.ft, marking an increase of 99%. The current 2024 revision maintains this value at Rs 1,000 per sq.ft, showing no change from 2023.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 figure to the current 2024 figure, there has been an increase of 33%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Amar Jothi Nagar's 2024 figure below this median.

• Amman Nagar: Rs 1,000 per sq.ft (2024)
• Akrakaram perumal koil Street (318/50): Rs 1,120 per sq.ft (2024)
• Akrakaram kudiirupu west (317/7): Rs 1,120 per sq.ft (2024)
• Akrakaram Kudiirupu East (317/2): Rs 1,120 per sq.ft (2024)
• Agrakaram (Erattai St): Rs 1,120 per sq.ft (2024)
• Agraharam Street South: Rs 1,120 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, calculated at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000. Therefore, the total cost for stamp duty and registration would be Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Singanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of 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 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, with a significant increase of 99% from 2017 to 2023.

What is the land classification of Amar Jothi Nagar?

Amar Jothi Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Amar Jothi Nagar?

The Sub Registrar Office for Amar Jothi Nagar is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.