Guideline Value for Amman Kovil Street

Amman Kovil Street guideline value

The current guideline value of Amman Kovil Street is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO, classified as Residential Class III Type - II.

How the guideline value of Amman Kovil Street has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This increased significantly to Rs 250 per sq.ft in the 2023 revision, marking a 50% rise. The current 2024 revision shows a further increase to Rs 275 per sq.ft, which is a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The changes reflect the evolving valuation of properties in the area, indicating a steady rise in the guideline value per sq.ft over the years.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, placing Amman Kovil Street's 2024 figure below this median.

• Ambekhar Nagar: Rs 275 per sq.ft (2024)
• Amarar Ramasamy Nagar: Rs 440 per sq.ft (2024)
• Amarar ramasamy goundar veethy: Rs 550 per sq.ft (2024)
• Allwyn Nagar: Rs 510 per sq.ft (2024)
• Andianna devar veethy: Rs 440 per sq.ft (2024)
• Angalamman koil veethy: Rs 550 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 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total cost for these fees to Rs 24,750. Duty is charged on the higher of the guideline value and 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irugur. It is used to determine the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value serves as the baseline for calculating these fees, ensuring that the government receives the appropriate revenue based on the established values of properties 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 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 167 per sq.ft to Rs 275 per sq.ft in 2024, reflecting a total increase of 65% over these years.

What is the classification of land on Amman Kovil Street?

Amman Kovil Street is classified as Residential Class III Type - II under the Singanallur SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500, totaling Rs 24,750 for these fees.

Which Sub Registrar Office handles registrations for Amman Kovil Street?

The Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, handles registrations for Amman Kovil Street.