Guideline Value for Amarar ramasamy goundar veethy

Amarar ramasamy goundar veethy guideline value

The current guideline value of Amarar ramasamy goundar veethy is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Amarar ramasamy goundar veethy has changed

The guideline value for Amarar ramasamy goundar veethy has seen significant changes over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Irugur

In Irugur village, 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, with a median value of Rs 440 per sq.ft. The guideline value of Amarar ramasamy goundar veethy is above this median.

• Amarar Ramasamy Nagar: Rs 440 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 goundar veethy

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. The 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 Amarar ramasamy goundar veethy?

The Sub Registrar Office covering Amarar ramasamy goundar veethy 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 plays a crucial role in property transactions in Irugur. It is used to calculate the stamp duty and registration fees that must be paid at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

When a property is sold, the guideline value is considered to determine the minimum value for registration purposes. This means that the transaction value cannot be lower than the guideline value, ensuring that the government receives the appropriate fees based on the established rates.

Frequently asked questions

What is the current guideline value of Amarar ramasamy goundar veethy?

The current guideline value of Amarar ramasamy goundar veethy is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Irugur?

Other streets in Irugur have varying guideline values, with rates ranging from Rs 220 to Rs 2,200 per sq.ft. For example, Amarar Ramasamy Nagar is Rs 440 per sq.ft, and Allwyn Nagar is Rs 510 per sq.ft in 2024.

What is the stamp duty for properties in Amarar ramasamy goundar veethy?

The stamp duty for properties in Amarar ramasamy goundar veethy is calculated at 7% of the guideline value. For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.

Which office handles registrations for Amarar ramasamy goundar veethy?

The Singanallur Sub Registrar Office handles registrations for Amarar ramasamy goundar veethy. It is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.