Guideline Value for Amman Kovil Street

Amman Kovil Street guideline value

The current guideline value of Amman Kovil Street is Rs 600 per sq.ft. This street is located in Mettupalayam village, which falls under the Mettupalayam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Amman Kovil Street has changed

The guideline value of Amman Kovil Street has undergone several revisions over the years. In 2002, the value was Rs 26 per sq.ft, which increased to Rs 30 per sq.ft in 2003, marking a change of +15%. The value then saw a significant increase to Rs 255 per sq.ft in 2007, reflecting a change of +750%. By 2012, the value rose to Rs 600 per sq.ft, showing an increase of +135%. However, between 2017 and 2023, the value remained at Rs 600 per sq.ft, and in the latest revision for 2024, it is also Rs 600 per sq.ft, indicating no change from the previous year.

Looking at the earlier revisions, the value was Rs 402 per sq.ft in 2017, which was an increase of +49% from the 2012 figure. The overall change from 2002 to 2024 reflects a substantial increase of +2208%. There are no figures available for the years not listed in the register for this street.

Guideline values in Mettupalayam

Mettupalayam village has a total of 327 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Amman Kovil Street's 2024 figure below that median.

• Ambethkar Street 2 (Pallar Street 2): Rs 600 per sq.ft (2024)
• Ambethkar Street 1 (Pallar Street 1): Rs 600 per sq.ft (2024)
• Agrahara Street: Rs 600 per sq.ft (2024)
• Agrahara South Street: Rs 600 per sq.ft (2024)
• Agrahara North Street: Rs 600 per sq.ft (2024)
• Agrahara New Street: Rs 600 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total Rs 54,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Kovil Street?

The Sub Registrar Office that covers Amman Kovil Street is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Kovil Street?

The current guideline value of Amman Kovil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2002 to Rs 600 per sq.ft in 2024, reflecting an overall increase of +2208% over the years.

What is the land classification for Amman Kovil Street?

Amman Kovil Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Amman Kovil Street is located at 271-Coimbatore Main Road, Near Mettupalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to applicable fees based on that amount.