Guideline Value for Amman Colony

Amman Colony guideline value

The current guideline value of Amman Colony in Kuniyamuthur village is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Amman Colony has changed

In the 2023 revision, the guideline value was Rs 1,000 per sq.ft. The most recent revision in 2024 shows an increase to Rs 1,001 per sq.ft, reflecting a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, with the previous years lacking any recorded figures. The 2024 guideline value of Rs 1,001 per sq.ft is slightly below the median value of Rs 1,003 per sq.ft for other streets in Kuniyamuthur.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median guideline value in the area is Rs 1,003 per sq.ft. Amman Colony's 2024 figure is below this median.

• Amasai Gounder Street: Rs 1,003 per sq.ft (2024)
• Ammasai Konar Street: Rs 1,003 per sq.ft (2024)
• Alamel Avenue: Rs 1,003 per sq.ft (2024)
• Alakaatchi Thottam: Rs 1,003 per sq.ft (2024)
• Anbu Nagar: Rs 1,001 per sq.ft (2024)
• Akshaya Garden: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at a rate of 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your potential costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Colony?

The Sub Registrar Office that covers Amman Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Kuniyamuthur. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value serves as a benchmark for the transaction. It ensures that the property is not undervalued, thereby safeguarding the interests of the government in terms of revenue collection through taxes.

Frequently asked questions

What is the current guideline value of Amman Colony?

The current guideline value of Amman Colony is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,001 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Amman Colony?

Amman Colony is classified as Residential Class I Type - III under the Coimbatore South Joint 1 SRO.

What are the stamp duty and registration fees for properties in Amman Colony?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Amman Colony?

The Sub Registrar Office for Amman Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your specific SRO through the provided link.