Guideline Value for Amman Kovil Street

Amman Kovil Street guideline value

The current guideline value of Amman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ward 7 village under the Pollachi SRO and falls under Residential Class IV Type - III land classification.

How the guideline value of Amman Kovil Street has changed

Amman Kovil Street's guideline value has seen several revisions over the years. The 2007 revision set the value at Rs 95 per sq.ft, which increased significantly to Rs 280 per sq.ft in 2012, marking a 195% rise. However, the value decreased to Rs 188 per sq.ft in 2017, reflecting a 33% drop. The subsequent revisions in 2023 and 2024 both maintained the value at Rs 300 per sq.ft, resulting in a 60% increase from the 2017 figure.

The register does not have figures for the years 2002 and 2003 for Amman Kovil Street. Overall, from 2007 to 2024, the guideline value has increased by 216%.

Guideline values in Ward 7

In Ward 7, there are 40 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,226 per sq.ft, with a median value of Rs 300 per sq.ft. Amman Kovil Street's 2024 figure aligns with this median.

• Amman Nagar: Rs 350 per sq.ft (2024)
• Annai Anjugam Nagar: Rs 600 per sq.ft (2024)
• Asari Street: Rs 300 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 300 per sq.ft (2024)
• Collector Benglow: Rs 300 per sq.ft (2024)
• Dimond City: Rs 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 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, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Kovil Street?

The Sub Registrar Office that covers Amman Kovil Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 7

The guideline value is a crucial factor in the registration process for property transactions in Ward 7. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Amman Kovil Street?

The current guideline value of Amman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 95 per sq.ft in 2007 to Rs 300 per sq.ft in 2024, resulting in a total increase of 216% over the years.

What is the stamp duty for property in Amman Kovil Street?

The stamp duty for property in Amman Kovil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amman Kovil Street?

The Sub Registrar Office for Amman Kovil Street is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

What other streets have guideline values in Ward 7?

Other streets in Ward 7 include Amman Nagar, Annai Anjugam Nagar, Asari Street, Ayyavu Chettiar Street, Collector Benglow, and Dimond City, with varying guideline values.