Guideline Value for Amman Nagar, Extension

Amman Nagar, Extension guideline value

The current guideline value of Amman Nagar, Extension is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Pattanam village under the Singanallur SRO and is classified as Residential Class I Type - I.

How the guideline value of Amman Nagar, Extension has changed

The guideline value for Amman Nagar, Extension has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision saw an increase to Rs 300 per sq.ft, and the most recent revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a significant increase of 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pattanam

In Pattanam, there are 220 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,815 per sq.ft. The median value is Rs 220 per sq.ft, and Amman Nagar, Extension's 2024 figure of Rs 330 per sq.ft is above this median.

• Amman Nagar: Rs 330 per sq.ft (2024)
• Andal Garden: Rs 220 per sq.ft (2024)
• Angel Garden: Rs 165 per sq.ft (2024)
• Alagimmal Colony: Rs 220 per sq.ft (2024)
• Annai Gardens: Rs 635 per sq.ft (2024)
• Annai Increte Nagar: Rs 220 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar, Extension?

The Sub Registrar Office that covers Amman Nagar, Extension is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pattanam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value of Amman Nagar, Extension?

The current guideline value of Amman Nagar, Extension is Rs 330 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 to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024. This represents a notable increase over the years.

What is the land classification of Amman Nagar, Extension?

Amman Nagar, Extension is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Amman Nagar, Extension?

The Sub Registrar Office for Amman Nagar, Extension is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is stamp duty calculated for properties in Amman Nagar, Extension?

Stamp duty for properties in Amman Nagar, Extension is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at 7%.