Guideline Value for Amirtha Avenue

Amirtha Avenue guideline value

The current guideline value of Amirtha Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village under the Gandhipuram SRO, classified as Residential Class II Type - I.

How the guideline value of Amirtha Avenue has changed

Over the years, the guideline value of Amirtha Avenue has seen several revisions. Starting with the 2007 revision, the value was Rs 600 per sq.ft, which increased by 33% to Rs 800 per sq.ft in 2012. However, it then decreased by 33% to Rs 536 per sq.ft in the 2017 revision. The value saw a significant rise of 87% to Rs 1,000 per sq.ft in 2023, and a further increase of 10% to Rs 1,100 per sq.ft in the 2024 revision. It is important to note that the register has no figure for this street in the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 83%. The changes between the revisions highlight the fluctuations in property values in this area, reflecting various market conditions and regulatory adjustments.

Guideline values in Sanganur.

In Sanganur. village, there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Amirtha Avenue's 2024 figure below that median.

• Ambrose Street: Rs 1,120 per sq.ft (2024)
• Ambedkar Street: Rs 1,120 per sq.ft (2024)
• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Amaravathy Street: Rs 1,120 per sq.ft (2024)
• Ammasai Konar Street: Rs 1,120 per sq.ft (2024)
• Alagesan Road (1 & 2): Rs 3,360 per sq.ft (2024)

Stamp duty and registration fee for property in Amirtha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Amirtha Avenue?

The Sub Registrar Office that covers Amirtha Avenue is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, as it reflects the official valuation set by the government. This value is used to calculate the taxes and fees that must be paid during the registration process.

Frequently asked questions

What is the current guideline value of Amirtha Avenue?

The current guideline value of Amirtha Avenue is Rs 1,100 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 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the registration office for Amirtha Avenue?

The registration office for Amirtha Avenue is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Amirtha Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.

What other streets have similar guideline values in Sanganur?

Other streets in Sanganur. with similar guideline values include Ambrose Street and Ambedkar Street, both at Rs 1,120 per sq.ft, while Amman Nagar shares the same value as Amirtha Avenue at Rs 1,100 per sq.ft.