Guideline Value for Amman Kovil Street

Amman Kovil Street guideline value

The current guideline value of Amman Kovil Street in Vadavalli village, under the Vadavalli SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as 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. In the 2003 revision, the value was Rs 135 per sq.ft. This increased to Rs 200 per sq.ft in 2007, marking a significant rise of 48%. The value then surged by 400% to reach Rs 1,000 per sq.ft in 2012. However, it saw a decrease of 33% in the 2017 revision, bringing it down to Rs 670 per sq.ft. The 2023 revision set the value at Rs 1,000 per sq.ft, which was then raised by 10% to Rs 1,100 per sq.ft in the 2024 revision.

Overall, from 2003 to 2024, the guideline value has increased by 715%. Notably, the register has no figure for Amman Kovil Street in the 2002 revision.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Amman Kovil Street's 2024 figure is equal to this median.

• Amman Nagar: Rs 1,100 per sq.ft (2024)
• Amitra's Adarsh: Rs 1,004 per sq.ft (2024)
• Ambika Nagar: Rs 1,000 per sq.ft (2024)
• Ambal Nagar: Rs 1,000 per sq.ft (2024)
• Anandha Krishna Layout: Rs 1,000 per sq.ft (2024)
• Anandha Nagar 1st Cross Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please note that duty is charged on the higher of the guideline value or the sale price. 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 Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadavalli. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the guideline value serves as a benchmark. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value instead of the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman Kovil Street?

The current guideline value of Amman Kovil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 135 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 715% over this period.

What is the land classification of Amman Kovil Street?

Amman Kovil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Amman Kovil Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office located for Amman Kovil Street?

The Sub Registrar Office for Amman Kovil Street is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.