Guideline Value for Amarjothi Nagar

Amarjothi Nagar guideline value

The current guideline value of Amarjothi Nagar is Rs 710 per sq.ft, effective from 1 July 2024. This area falls under Ward - A village and is governed by the Tiruppur Joint II SRO. The land classification for this locality is Commercial Class I Type - III.

How the guideline value of Amarjothi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 575 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, bringing the value down to Rs 385 per sq.ft. The 2023 revision then marked a significant increase, with the guideline value rising to Rs 700 per sq.ft, reflecting an 82% change from the 2017 figure. The most recent 2024 revision has further increased the guideline value to Rs 710 per sq.ft, a 1% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 23%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 709 per sq.ft, placing Amarjothi Nagar's 2024 figure above that median.

• Amman Nagar 1st Street: Rs 706 per sq.ft (2024)
• Amman Nagar 2nd Street: Rs 706 per sq.ft (2024)
• Anaipalayam: Rs 711 per sq.ft (2024)
• Athimara Thottam: Rs 701 per sq.ft (2024)
• A.V.M Layout: Rs 711 per sq.ft (2024)
• A.V.M Layout 1st Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 710 per sq.ft, the total guideline value amounts to Rs 7,10,000. The stamp duty at 7% would be Rs 49,700, and the registration fee at 2% would be Rs 14,200, bringing the total fees together to Rs 63,900. 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 Amarjothi Nagar?

The Sub Registrar Office that covers Amarjothi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - A

The guideline value is a crucial factor during the registration of property transactions in Ward - A. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the registration fees are calculated accurately.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Amarjothi Nagar?

The current guideline value of Amarjothi Nagar is Rs 710 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 575 per sq.ft in 2012 to Rs 710 per sq.ft in 2024, with significant increases noted in the 2023 revision.

What is the land classification of Amarjothi Nagar?

Amarjothi Nagar is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Amarjothi Nagar?

The Sub Registrar Office for Amarjothi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 63,900.