Guideline Value for Amman Kovil Street

Amman Kovil Street guideline value

The current guideline value of Amman Kovil Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Telgupalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Amman Kovil Street has changed

The guideline value for Amman Kovil Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,600 per sq.ft. With the latest revision in 2024, it increased to Rs 1,800 per sq.ft, marking a change of +13% from the previous year.

Thus, the guideline value for Amman Kovil Street has seen a significant increase from Rs 1,600 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024. This increase reflects the ongoing adjustments made in the guideline values for properties in the region.

Guideline values in Telgupalayam

In Telgupalayam, there are 223 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, placing Amman Kovil Street's 2024 figure above that median.

• Ambethkar Street: Rs 2,000 per sq.ft (2024)
• Ananda Housing Colony: Rs 1,350 per sq.ft (2024)
• Angannan Sandhu: Rs 1,003 per sq.ft (2024)
• Ajay Mokarje Veedhi: Rs 1,003 per sq.ft (2024)
• Adhi Dravidar Theru: Rs 1,003 per sq.ft (2024)
• Aasiriar Colony: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total cost for these fees to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amman Kovil Street?

The Sub Registrar Office that covers Amman Kovil Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role during the registration of property transactions in Telgupalayam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and complies with the local regulations.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable fees. The fees are based on the higher value between the guideline value and the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Kovil Street?

The current guideline value of Amman Kovil Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amman Kovil Street was Rs 1,600 per sq.ft in 2023 and increased by 13% to Rs 1,800 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Amman Kovil Street?

The land classification for Amman Kovil Street is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Amman Kovil Street?

The Sub Registrar Office for Amman Kovil Street is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How are stamp duty and registration fees calculated for properties in Telgupalayam?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee.