Guideline Value for Amman Nagar (Ward 6)

Amman Nagar (Ward 6) guideline value

The current guideline value of Amman Nagar (Ward 6) is Rs 1,055 per sq.ft. 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 I Type - III.

How the guideline value of Amman Nagar (Ward 6) has changed

The guideline value for Amman Nagar (Ward 6) has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,055 per sq.ft, marking a 6% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 32%, reflecting the changes in the property market over the years.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing Amman Nagar (Ward 6) above this median with its current value of Rs 1,055 per sq.ft.

• Amman Nagar (Ward 20): Rs 1,040 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 6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total cost for these fees to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Amman Nagar (Ward 6)?

The Sub Registrar Office that covers Amman Nagar (Ward 6) is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kurichi, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a buyer purchases a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Amman Nagar (Ward 6)?

The current guideline value of Amman Nagar (Ward 6) is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,055 per sq.ft in 2024.

What is the land classification of Amman Nagar (Ward 6)?

Amman Nagar (Ward 6) is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Amman Nagar (Ward 6)?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees amount to Rs 94,950.

Which Sub Registrar Office covers Amman Nagar (Ward 6)?

The Coimbatore North Joint 1 Sub Registrar Office covers Amman Nagar (Ward 6), located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.