Guideline Value for Amarjothi Vimana Nagar

Amarjothi Vimana Nagar guideline value

The current guideline value of Amarjothi Vimana Nagar is Rs 560 per sq.ft, effective from 1 July 2024. This area is located in Sulur village, under the Sulur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amarjothi Vimana Nagar has changed

The guideline value for Amarjothi Vimana Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision and further rose to Rs 560 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 12% in the guideline value.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median guideline value for these streets is Rs 784 per sq.ft, which means Amarjothi Vimana Nagar's 2024 figure is below that median.

• A.K.Ramasamy Thevar First street: Rs 784 per sq.ft (2024)
• Adimadaian Pillaiyar kovil street: Rs 784 per sq.ft (2024)
• Adhidhravda Mariappan Kovil Street: Rs 784 per sq.ft (2024)
• Angalamman Kovil Street: Rs 784 per sq.ft (2024)
• Angamuthu Lane: Rs 448 per sq.ft (2024)
• Annamadam Street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Amarjothi Vimana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value amounts to Rs 5,60,000. The stamp duty at 7% would be Rs 39,200, and the registration fee at 2% would be Rs 11,200, resulting in a total cost of Rs 50,400. 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 Vimana Nagar?

The Sub Registrar Office that covers Amarjothi Vimana 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 Sulur

The guideline value plays a crucial role in property transactions in Sulur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value as it affects the overall transaction costs.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amarjothi Vimana Nagar?

The current guideline value of Amarjothi Vimana Nagar is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 560 per sq.ft in 2024.

What is the median guideline value in Sulur?

The median guideline value for streets in Sulur is Rs 784 per sq.ft, which is higher than the current value of Amarjothi Vimana Nagar.

What are the stamp duty rates in Amarjothi Vimana Nagar?

The stamp duty rate for property transactions in Amarjothi Vimana Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Amarjothi Vimana Nagar located?

The Sulur Sub Registrar Office is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.