Guideline Value for Amarothi Nagar

Amarothi Nagar guideline value

The current guideline value of Amarothi 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 Amarothi Nagar has changed

Over the years, the guideline value of Amarothi Nagar has seen several revisions. The 2007 revision set the rate at Rs 120 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking an increase of 233%. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a decline of 33%. The value then rose to Rs 400 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 448 per sq.ft, which is a 12% increase from the previous year.

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

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. The median guideline value in this area is Rs 336 per sq.ft, placing Amarothi Nagar's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,48,000. The stamp duty at 7% amounts to Rs 31,360, and the registration fee at 2% is Rs 8,960, totaling Rs 40,320. 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 Amarothi Nagar?

The Sub Registrar Office that covers Amarothi 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 when registering property in Kannampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, based on the established values in the area.

Frequently asked questions

What is the current guideline value of Amarothi Nagar?

The current guideline value of Amarothi Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 120 per sq.ft in 2007 to Rs 448 per sq.ft in 2024, reflecting an overall increase of 273%.

What are the stamp duty and registration fees for Amarothi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs amount to Rs 40,320.

Which office handles registrations for Amarothi Nagar?

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

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 336 per sq.ft, with Amarothi Nagar's 2024 value being above this median.