Guideline Value for Amarjothi Puvaneswari Nagar

Amarjothi Puvaneswari Nagar guideline value

The current guideline value of Amarjothi Puvaneswari Nagar is Rs 224 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village, under the Sulur SRO, and is classified as Residential Class III Type - V.

How the guideline value of Amarjothi Puvaneswari Nagar has changed

The guideline value for Amarjothi Puvaneswari Nagar has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased to Rs 175 per sq.ft in 2012. However, it then decreased to Rs 117 per sq.ft in 2017. The value rose significantly to Rs 200 per sq.ft in 2023 and is now set at Rs 224 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 273%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kannampalayam

In Kannampalayam, there are 114 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft, with a median value of Rs 336 per sq.ft. Amarjothi Puvaneswari Nagar's 2024 figure is below this median.

• Amarjothi nagar north side: Rs 224 per sq.ft (2024)
• Amarothi Nagar: Rs 448 per sq.ft (2024)
• Amarjothi jai Nagar: Rs 448 per sq.ft (2024)
• Abiramiavenue: Rs 896 per sq.ft (2024)
• Anna nagar: Rs 336 per sq.ft (2024)
• Appachi Gounder Street: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Puvaneswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 224 per sq.ft, the total guideline value would be Rs 2,24,000. The stamp duty at 7% would amount to Rs 15,680, while the registration fee at 2% would be Rs 4,480, making the total fees together Rs 20,160. 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 detailed calculations.

Which Sub Registrar Office covers Amarjothi Puvaneswari Nagar?

The Sub Registrar Office covering Amarjothi Puvaneswari Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kannampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process aligns with the current market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amarjothi Puvaneswari Nagar?

The current guideline value of Amarjothi Puvaneswari Nagar is Rs 224 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 60 per sq.ft in 2007 to Rs 224 per sq.ft in 2024, reflecting an overall increase of 273% over the years.

What are the registration fees for property in Amarjothi Puvaneswari Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I approach for transactions in Amarjothi Puvaneswari Nagar?

The Sulur Sub Registrar Office is responsible for transactions in Amarjothi Puvaneswari Nagar, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

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

The guideline value serves as a minimum benchmark for property registration, ensuring that the stamp duty and registration fees are calculated accurately during property transactions.