Guideline Value for Amman Nagar 1st Street

Amman Nagar 1st Street guideline value

The current guideline value of Amman Nagar 1st Street is Rs 706 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village, under the Tiruppur Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Amman Nagar 1st Street has changed

The guideline value for Amman Nagar 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. The value increased significantly to Rs 700 per sq.ft in 2023, and then further to Rs 706 per sq.ft in 2024, marking a 1% rise from the previous year.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 109%. Overall, comparing the figures from 2012 to 2024, there is an increase of 41%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value of Amman Nagar 1st Street is below this median.

• Amman Nagar 2nd Street: Rs 706 per sq.ft (2024)
• Anaipalayam: Rs 711 per sq.ft (2024)
• Amarjothi Nagar: Rs 710 per sq.ft (2024)
• Athimara Thottam: Rs 701 per sq.ft (2024)
• A.V.M Layout: Rs 711 per sq.ft (2024)
• A.V.M Layout 1st Street: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 706 per sq.ft, the total guideline value would be Rs 7,06,000. The stamp duty at 7% would amount to Rs 49,420, while the registration fee at 2% would be Rs 14,120. Together, the total cost would be Rs 63,540. It is important to note that the 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 Nagar 1st Street?

The Sub Registrar Office that covers Amman Nagar 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Ward - A. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased. This ensures that the transaction is recorded accurately and adheres to the legal requirements set by the Registration Department.

When buying or selling property, the guideline value is essential for calculating the costs involved. It helps in establishing a fair basis for the transaction, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman Nagar 1st Street?

The current guideline value of Amman Nagar 1st Street is Rs 706 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 706 per sq.ft in 2024, with significant increases noted in the years 2023 and 2024.

What is the registration office for Amman Nagar 1st Street?

The registration office for Amman Nagar 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.