Guideline Value for Amma Nagar

Amma Nagar guideline value

The current guideline value of Amma Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area is located in Sarkarsamakulam village under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - I.

How the guideline value of Amma Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained the same until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft again. The register has no figures for the revisions in 2002, 2003, and 2007, as well as for 2024.

From 2017 to 2023, the guideline value saw an increase of 49%. Conversely, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2023, the guideline value remained unchanged at Rs 300 per sq.ft.

Guideline values in Sarkarsamakulam

Currently, there are no specific guideline values provided for other streets in Sarkarsamakulam under the Periyanayakkan Palayam SRO. The only available guideline value is for Amma Nagar.

Stamp duty and registration fee for property in Amma Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amma Nagar?

The Sub Registrar Office that covers Amma Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sarkarsamakulam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during property transactions.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Amma Nagar?

The current guideline value of Amma Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024.

What is the stamp duty rate for properties in Amma Nagar?

The stamp duty rate for properties in Amma Nagar is 7%. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amma Nagar located?

The Sub Registrar Office for Amma Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the registration fee calculated for properties in Amma Nagar?

The registration fee for properties in Amma Nagar is calculated at 2% of the guideline value. This fee is in addition to the stamp duty and is mandatory during the property registration process.