Guideline Value for Amaravathipalayam

Amaravathipalayam guideline value

The current guideline value of Amaravathipalayam is Rs 200 per sq.ft, effective from 1 July 2024. This village falls under the Sivagiri_Erode SRO and is classified as Residential Class III Type - V.

How the guideline value of Amaravathipalayam has changed

The guideline value for Amaravathipalayam has seen significant changes over the years. The 2012 revision set the value at Rs 65 per sq.ft, which increased to Rs 44 per sq.ft in 2017. However, from 2017 to 2023, there was a remarkable increase of 355%, bringing the value to Rs 200 per sq.ft. The 2023 revision also maintained this value, with no change noted moving into the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 208%.

Guideline values in Vadugapatti

In Vadugapatti, there are 63 streets under the Sivagiri_Erode SRO, all carrying a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also at Rs 200 per sq.ft. The guideline value of Amaravathipalayam aligns with this median.

• AmmanKovil: Rs 200 per sq.ft (2024)
• Avirikkgoundan pudur 566/1: Rs 200 per sq.ft (2024)
• Chinnakinathupalayam: Rs 200 per sq.ft (2024)
• Chinna Kinathupalayam 13/1: Rs 200 per sq.ft (2024)
• Elava Natham 1411: Rs 200 per sq.ft (2024)
• Ellakattuvalasu: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathipalayam

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amaravathipalayam?

The Sub Registrar Office that covers Amaravathipalayam is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadugapatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Amaravathipalayam?

The current guideline value of Amaravathipalayam is Rs 200 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 65 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with notable increases in the intervening years.

What is the land classification of Amaravathipalayam?

Amaravathipalayam is classified as Residential Class III Type - V.

What are the other streets in Vadugapatti with the same guideline value?

Other streets in Vadugapatti with the same guideline value of Rs 200 per sq.ft include AmmanKovil, Avirikkgoundan pudur 566/1, Chinnakinathupalayam, Chinna Kinathupalayam 13/1, Elava Natham 1411, and Ellakattuvalasu.

Where can I find the Sub Registrar Office for Amaravathipalayam?

The Sub Registrar Office for Amaravathipalayam is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.