Guideline Value for Amarar Ramasamy Nagar

Amarar Ramasamy Nagar guideline value

The current guideline value of Amarar Ramasamy Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Irugur village, under the Singanallur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Amarar Ramasamy Nagar has changed

The guideline value for Amarar Ramasamy Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 brought the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the guideline value of Amarar Ramasamy Nagar.

• Amarar ramasamy goundar veethy: Rs 550 per sq.ft (2024)
• Allwyn Nagar: Rs 510 per sq.ft (2024)
• Ambekhar Nagar: Rs 275 per sq.ft (2024)
• Amman Kovil Street: Rs 275 per sq.ft (2024)
• Agrakaram street: Rs 550 per sq.ft (2024)
• A.G. pudur to Ravathur road: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Amarar Ramasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amarar Ramasamy Nagar?

The Sub Registrar Office that covers Amarar Ramasamy 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 Irugur

The guideline value is a crucial factor in the registration process of property transactions in Irugur. It determines the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Amarar Ramasamy Nagar?

The current guideline value of Amarar Ramasamy Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and now to Rs 440 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations in Amarar Ramasamy Nagar?

The Singanallur Sub Registrar Office handles property registrations for Amarar Ramasamy Nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that buyers and sellers are aware of the financial responsibilities involved in the registration process.