Guideline Value for Amaravathy Street

Amaravathy Street guideline value

The current guideline value of Amaravathy Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Amaravathy Street has changed

The guideline value for Amaravathy Street has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it dropped to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,120 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 104%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Sanganur.

In Sanganur. village, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the 2024 figure for Amaravathy Street.

• Ambedkar Street: Rs 1,120 per sq.ft (2024)
• Ambrose Street: Rs 1,120 per sq.ft (2024)
• Amirtha Avenue: Rs 1,100 per sq.ft (2024)
• Alagesan Road (1 & 2): Rs 3,360 per sq.ft (2024)
• Alagappa Chettiar Road: Rs 2,800 per sq.ft (2024)
• AK Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amaravathy Street?

The Sub Registrar Office that covers Amaravathy Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sanganur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the buyer must pay the applicable fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amaravathy Street?

The current guideline value of Amaravathy Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 104% over the years.

What is the land classification of Amaravathy Street?

Amaravathy Street is classified as Residential Class I Type - III, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Amaravathy Street?

The Sub Registrar Office for Amaravathy Street is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for properties in Amaravathy Street?

Stamp duty for properties in Amaravathy Street 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 rate, the total stamp duty would be Rs 78,400.