Guideline Value for Amman Nagar (Ward 20)

Amman Nagar (Ward 20) guideline value

The current guideline value of Amman Nagar (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Amman Nagar (Ward 20) has changed

The guideline value for Amman Nagar (Ward 20) has seen several revisions over the years. In 2007, the guideline value was Rs 275 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The most significant jump occurred between 2017 and 2023, where the value rose by 99% to Rs 1,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,040 per sq.ft, marking a 4% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 278%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, which is equal to the current figure for Amman Nagar (Ward 20).

• Amman Nagar (Ward 6): Rs 1,055 per sq.ft (2024)
• Ammaniammal Colony (Ward 20): Rs 1,040 per sq.ft (2024)
• Ameer Saibu Street (Ward 11): Rs 1,035 per sq.ft (2024)
• Anbu Nagar (Ward 9): Rs 1,040 per sq.ft (2024)
• Andal Thottam: Rs 1,055 per sq.ft (2024)
• Angamuhtu Gounder Street (Ward 10): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar (Ward 20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total to Rs 93,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar (Ward 20)?

Amman Nagar (Ward 20) is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman Nagar (Ward 20)?

The current guideline value of Amman Nagar (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value increased from Rs 502 per sq.ft to Rs 1,040 per sq.ft, which is a change of 278% over this period.

What is the median guideline value for streets in Kurichi?

The median guideline value for streets in Kurichi is Rs 1,040 per sq.ft, which is the same as the current guideline value for Amman Nagar (Ward 20).

What are the stamp duty and registration fees for a property in Amman Nagar (Ward 20)?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 72,800 and the registration fee would be Rs 20,800, totaling Rs 93,600.

Which office handles property registrations for Amman Nagar (Ward 20)?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Amman Nagar (Ward 20), located at Syryan Church Road, Coimbatore.