Guideline Value for Amarjothi nagar north side

Amarjothi nagar north side guideline value

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

How the guideline value of Amarjothi nagar north side has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline 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 2023 revision marked a rise to Rs 200 per sq.ft, and the most recent 2024 revision further increased it to Rs 224 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 273%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Kannampalayam

In Kannampalayam, there are 114 streets under the Sulur SRO with a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 336 per sq.ft, placing Amarjothi nagar north side's value below this median.

• Amarjothi Puvaneswari Nagar: Rs 224 per sq.ft (2024)
• Amarjothi jai Nagar: Rs 448 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 nagar north side

For a 1,000 sq.ft plot at the current rate of Rs 224 per sq.ft, the guideline value amounts to Rs 2,24,000. The stamp duty at 7% would be Rs 15,680, and the registration fee at 2% would be Rs 4,480, totaling Rs 20,160. It is important to note that 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 information.

Which Sub Registrar Office covers Amarjothi nagar north side?

The Sub Registrar Office that covers Amarjothi nagar north side 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 is a crucial factor during the registration of property transactions in Kannampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the negotiated sale price.

When buying or selling property, understanding the guideline value helps both parties in determining the financial obligations associated with the transaction. It is essential for buyers to be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Amarjothi nagar north side?

The current guideline value for Amarjothi nagar north side 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, marking an overall increase of 273% over this period.

What are the stamp duty and registration fees for property in Amarjothi nagar north side?

For a 1,000 sq.ft plot valued at Rs 2,24,000, the stamp duty would be Rs 15,680, and the registration fee would be Rs 4,480, totaling Rs 20,160.

Which office handles registrations for Amarjothi nagar north side?

The Sulur Sub Registrar Office handles registrations for Amarjothi nagar north side, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is the guideline value determined for properties in Kannampalayam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is used to calculate the stamp duty and registration fees during property transactions.