Guideline Value for Amarjothi jai Nagar

Amarjothi jai Nagar guideline value

The current guideline value of Amarjothi jai Nagar is Rs 448 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 I Type - I.

How the guideline value of Amarjothi jai Nagar has changed

The guideline value for Amarjothi jai Nagar has seen several revisions over the years. In 2007, the value was set at Rs 60 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision saw a rise to Rs 400 per sq.ft, followed by the current value of Rs 448 per sq.ft effective from 1 July 2024.

Between the revisions, the most notable changes include a remarkable increase of 567% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and has risen by 12% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 647%.

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. The guideline value of Amarjothi jai Nagar is above this median.

• Amarjothi nagar north side: Rs 224 per sq.ft (2024)
• Amarjothi Puvaneswari Nagar: Rs 224 per sq.ft (2024)
• Amarothi 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 jai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. 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 Amarjothi jai Nagar?

The Sub Registrar Office that covers Amarjothi jai 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kannampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and helps in maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of Amarjothi jai Nagar?

The current guideline value of Amarjothi jai Nagar is Rs 448 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 448 per sq.ft in 2024, reflecting an overall increase of 647% over this period.

What is the land classification of Amarjothi jai Nagar?

Amarjothi jai Nagar is classified as Residential Class I Type - I.

What is the registration office for Amarjothi jai Nagar?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 31,360 at 7% of the guideline value.