Guideline Value for Amman Nagar Extension

Amman Nagar Extension guideline value

The current guideline value of Amman Nagar Extension, located in Rakkiyapalayam village under the Avinasi SRO, is Rs 365 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Amman Nagar Extension has changed

The guideline value for Amman Nagar Extension has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. However, the value increased significantly to Rs 326 per sq.ft in 2023, marking a 62% rise from the 2017 figure. The most recent revision in 2024 has further increased the value to Rs 365 per sq.ft, reflecting a 12% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Rakkiyapalayam

In Rakkiyapalayam, there are 88 streets under the Avinasi SRO that carry a 2024 guideline value ranging from Rs 342 to Rs 615 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Amman Nagar Extension's 2024 figure below this median.

• Avinashi - Tirupur Main Road (Ammapalayam To Thirumuruganpoondi): Rs 615 per sq.ft (2024)
• Avinashi - Tirupur Main Road (Anaipudur): Rs 615 per sq.ft (2024)
• Avinashi - Tirupur Main Road (Thirumuruganpoondi): Rs 615 per sq.ft (2024)
• Mahalakshmi Township: Rs 550 per sq.ft (2024)
• N S P Avenue: Rs 550 per sq.ft (2024)
• R.G.Avenue: Rs 590 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 365 per sq.ft, the total guideline value amounts to Rs 3,65,000. The stamp duty at 7% would be Rs 25,550, and the registration fee at 2% would be Rs 7,300, bringing the total cost for stamp duty and registration to Rs 32,850. 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 further calculations.

Which Sub Registrar Office covers Amman Nagar Extension?

The Sub Registrar Office that covers Amman Nagar Extension is the Avinasi Sub Registrar Office, located at 6/171 Post Office Road, Avinashi Main Road, Avanashi, Coimbatore.641654, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Rakkiyapalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the government receives the appropriate revenue from the transaction. Buyers and sellers must be aware of the current guideline value to accurately calculate their costs during the buying or selling process.

Frequently asked questions

What is the current guideline value of Amman Nagar Extension?

The current guideline value of Amman Nagar Extension is Rs 365 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 326 per sq.ft in 2023, and finally to Rs 365 per sq.ft in 2024.

What is the land classification of Amman Nagar Extension?

Amman Nagar Extension is classified as Residential Class III Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 32,850, based on the guideline value of Rs 3,65,000.

Where can I find more information about the Sub Registrar Office?

The Avinasi Sub Registrar Office covers Amman Nagar Extension, and more information can be found at the office located at 6/171 Post Office Road, Avinashi Main Road, Avanashi, Coimbatore. You can also find your SRO online.