Guideline Value for Ammal Layout

Ammal Layout guideline value

The current guideline value of Ammal Layout is Rs 1,000 per sq.ft, effective from 1 July 2024. This layout is located in Kavundampalayam village under the Vadavalli SRO, categorized as Residential Class I Type - II.

How the guideline value of Ammal Layout has changed

The guideline value for Ammal Layout has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value back to Rs 1,000 per sq.ft. The 2024 revision has maintained this value at Rs 1,000 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, placing Ammal Layout's 2024 figure at this median.

• Ambethkar Nagar 2nd Street: Rs 1,020 per sq.ft (2024)
• Ambethkar Nagar 1st Street: Rs 1,020 per sq.ft (2024)
• Amman Nagar: Rs 1,000 per sq.ft (2024)
• Ammasai Konar Layout: Rs 1,000 per sq.ft (2024)
• Amsaveni Layout: Rs 1,000 per sq.ft (2024)
• Amutham Nagar-1, 2 (Ward 14): Rs 1,015 per sq.ft (2024)

Stamp duty and registration fee for property in Ammal Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is essential 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 Ammal Layout?

The Sub Registrar Office covering Ammal Layout is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the guideline value will be compared to this price. The higher of the two will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ammal Layout?

The current guideline value of Ammal Layout is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and has remained the same in 2024.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, which is the same as the guideline value for Ammal Layout in 2024.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2% of the same amount.

Where can I find the Sub Registrar Office for Ammal Layout?

The Sub Registrar Office for Ammal Layout is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more information through the provided link.